Container rate rally has more legs than bears assume
Precision needed on what drives box rates
ID 51994422
© Everett Collection Inc.
| Dreamstime.com
There is a highly qualitative lesson from my financial guru that applies to spot rates in sea freight – it’s where finance and trade matters perfectly converge in my world.
Background
On 16 May, the frenzy in ocean shipping’s prices hard to explain, trying to keep a cool head and wondering how long the ocean freight market’s rally would last*, I wrote:
“New weekly data out in just a couple of hours, our base case: another +20%-ish this week; then another +20%-ish to ...
Comment on this article