Ocean capacity is rising, demand is cooling, and 'the market is starting to turn'
Container spot freight rates on the main east-west ocean trades showed their first decline since ...
© Elnur
By Mike Wackett
The capacity shortage that underpinned skyrocketing ocean freight rates for the past two years has ended and rates will continue to fall, according to Vespucci Maritime CEO Lars Jensen.
“The available data shows that the fundamental support for very high freight rates has now fully disappeared ...
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