Overcapacity looms for ocean trades – with more blanked sailings inevitable
Notwithstanding the possible effects of the US tariffs on global container trades, the box lines ...
© Mr.siwabud Veerapaisarn
June is bearing few surprises for container shipping, with demand continuing its inexorable downward correction.
In its latest XSI report, Xeneta’s index of rates is down by 42% year on year, May marking the ninth consecutive month of dropping rates.
And long-term rates fell 27.5% last month alone – prompting Xeneta CEO Patrik Berglund to say that “collapse” was the only appropriate descriptive word.
“This is the largest drop we’ve ever experienced on the XSI, which charts real-time global rates developments, and it ...
Comment on this article