More blanked voyages expected as carrier efforts to drive up rates falter
Container spot rates were largely unchanged for a third consecutive week, as it became evident ...
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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 ...
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