World Maritime News (40)
September 14, 2022
Outlook for freight rates Transpacific container shipping markets continue their downward spiral, with spot rates now largely falling below $4,000 per feu on routes to the US west coast. The levels are said to be approaching the breakeven point even for the larger carriers. After a two-year frenzy, the container shipping market shows signs of normalization. The question now is how it will avoid past mistakes during a period of slowdown. Read more: Lloyd's List1 | Lloyd's List2 Measures a