News / Gloomy outlook for container freight market as rates continue to fall

A deteriorating picture of the container freight market outlook is painted by the Maritime Strategies International’s (MSI) July Horizon report.

The analysts say they continue to expect container markets to “run out of steam” in the third quarter, with “a sharper drop-off in Q4 as the unwinding supply chain disruptions and cooling consumer demand drive the decline in freight and time charter rates”.

Although it expects freight and charter rates “will remain elevated by historical standards”, MSI said there could be further ...