Upturn in the long-term ocean freight shipping market proves to be a false dawn

September saw global rates for the first time in 12 months, raising the question of whether this was a sign of a resurging market or merely a temporary halt in its decline. This week Xeneta has released its latest figures for October which show the upward tick in September was indeed a false dawn as the index once again reverted to the downward trend we have seen over the past year. While the 0.2% increase in September was slender, it was still a welcome sign for carriers of the tide potentially starting to turn in their favor. However, this respite […]