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The container market boom continues driven primarily by Asia, but a cooling of prices on the way

The first six months of 2024, saw the container market boom continue in Asia: Hong Kong and Vietnam witnessed the largest month-on-month spike in average container prices in June. The outlook for H2 indicates a cooling of container rates, with potential challenges from geopolitical tensions, port strike threats in the US and market disruptions. The US shipping container trading market has significantly slowed, primarily due to sharp price increases. Container sellers in the US have held onto stock, anticipating higher prices, while container buyers in US have adopted a cautious stance, awaiting potential price drops. This cautious market behavior has […]

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