Transpacific set to see record level of ship capacity in July as rates crash
The transpacific trade continues to descend into something akin to chaos – with major deepsea ...
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© Aleksey Kashin
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Dreamstime.com
“Ocean contract rates stopped declining in January; but will high spot rates lift contract rates?” – Drewry’s Philip Damas, 5 February 2024.
That was a timely take that touched upon one of the most critical elements in the current market for ocean carriers and their shippers… sorry, partners… ahead of negotiations for new sea freight contracts.
Now
Rewind for a moment*.
(*We already flagged part of the excerpt that follows on 19 December, in our ’Red Sea alarm’ coverage… bear with me, repetita iuvant.)
Rolf ...
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