World Maritime News (57)
May 30, 2023
Topics on container shipping Container spot freight rates indicate the market is "fundamentally above pre-pandemic rate levels" despite the large falls from the peaks early in 2022. Earlier this year, rates had fallen back to levels last seen in 2019 in some cases, prompting some analysts to suggest carriers were engaging in a price war to secure cargoes as demand retreated. But an analysis by Sea-Intelligence indicates that despite the falls in the first quarter of 2023, freight rates have sta