Disconnect: time-charters and the freight market
Time to jump off?
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Dreamstime.com
By Mike Wackett
Container spot rates on the transatlantic came under renewed pressure this week, obliging ocean carriers to cut supply on the route by blanking more sailings.
Moreover, in an attempt to reverse the trend and a new wave of rate erosion on the tradelane, carriers have announced FAK rate increases for next month.
Elsewhere, the spot rates news is more positive for carriers, but one analyst believes it will not last.
The Freightos Baltic Index (FBX) North Europe to US east coast component lost ...
Comment on this article
Joe FERNANDEZ
August 19, 2023 at 4:19 amArtificial creation will always make the trade coin rolling in to different way, but the cargo flow is very stagnant.. but no improvement at all.
Why be’coz current material cost + production cost will not be matched to the Buyers’ orders as expressed by Shippers. So this current tenure could not be take place any change in market and will not work out gain for Carriers in the near future.