News / Ocean freight rates continue to tumble as peak comes to an early end

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Spot freight rates on every major container lane continued to tumble over the past week as demand remained flat, while a possible short-term pre-Golden Week upsurge has so far failed to materialise.

Golden Week begins on 1 October and the week-long public holiday sees work stop across the country – in previous years there has often been a spike in demand over the fortnight before it begins.

However, it would appear shippers have more pressing issues, particularly the growing probability of a ...