Disconnect: time-charters and the freight market
Time to jump off?
Container spot freight rates saw another week of gentle declines across all the major trades, as carriers failed to lift pricing in advance of a series of 1 December general rate increases (GRIs).
There was also no discernible effect from Donald Trump’s announcement that he will seek to impose 25% tariffs on imports from Canada and Mexico, and put a further 10% on Chinese imports.
This week’s World Container Index (WCI) from Drewry showed a 5% week-on-week decline on the Shanghai-Los Angeles ...
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