Market update: freight rates continue to be under pressure

Freight rates fell by -10% in March so far, marking a 21% drop since their peak in January. Carriers were unable to achieve a rate increase in mid-March, but April increases are planned with AP-EU futures rebounding 10-15%. Idle containerships continue to decline due to demand related to the Red Sea diversions and Far East market’s recovery after Lunar New Year holidays.

This report is for subscribers only Start with a FREE 30-day trial and then save up to 22% with an annual subscription. Get instant access to over 1,500 reports. Cancel anytime.
Already a subscriber ? Log in

Related Posts

Trending Posts

Recent Post

Welcome Back!

Login to your account below

Retrieve your password

Please enter your username or email address to reset your password.

Brighten Up Your Thursday!

SIGN UP to receive our free weekly newsletter with new shipping market reports, presentations & analysis! EVERY THURSDAY!