News / Intra-Asia ocean freight rates on the slide, but still stronger than long-haul lanes

Intra-Asian ocean freight rates are “sliding”, but the market is holding up better than long-haul trades, according to Dimerco.

In its September Asia Pacific freight report, the Taiwanese forwarder said demand for ocean freight was weakening worldwide due to economic recession and inflation, with macro indicators “not suggesting a quick turnaround.”

Dimerco added: “Overall, ocean loading factors ex-Asia for long-haul trades fell 94%. The upcoming weeks could drop to 92% or so.

“Weak demand has led to sliding ocean freight prices. Intra-Asia rates ...