World Maritime News (39)
August 31, 2022
Outlook for container freight rate The peak in freight rates may have already passed. But even getting rates down to a 'new normal' of twice their 2019 levels will take up to two years. Spot rates may have fallen by one-third from their extreme peaks, but shippers should not expect rates to return to pre-pandemic levels for at least another year. Markets are expected to head further south this year amid weaker demand after the peak season. As a result, spot rates on the China-US west coast tra