Despite a blip, North Europe container spot rates are still heading south
The North Europe component of the Freightos Baltic Index (FBX) unexpectedly jumped 9% today. This propelled ...
Today’s news on Hanjin’s bankruptcy comes from South Korean newswire Yonhap, which reports that Hyundai Merchant Marine (HMM) might be the only the only bidder for Hanjin’s transpacific operations, put up for sale in the desperate hope of raising some cash. Such is the industry overcapacity however, that few other lines seem interested in acquiring seven overseas offices and five containerships. Initial bids are due tomorrow, with a final round of bidding scheduled for 7 November.
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Despite a blip, North Europe container spot rates are still heading south
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