dreamstime_m_43630197
© Isaincu

Container markets are experiencing a steep correction, but one analyst has suggested that the bottom of the liner business cycle may be near.

Short-term freight rates from Asia to North Europe have halved since June, to about $4,300 per 40ft, whereas for the US west coast they have slumped by over 70% since the summer, to less than $2,500 per 40ft.

And the freight rate contagion has spread to the containership charter market, impacting daily hire rates and asset values.

Indeed, maritime intelligence ...

Please Register

To continue reading, please login or register for full access to our free content
Loadstar subscriber
New Loadstar subscriber REGISTER

Comment on this article


You must be logged in to post a comment.