Ocean capacity is rising, demand is cooling, and 'the market is starting to turn'
Container spot freight rates on the main east-west ocean trades showed their first decline since ...
© Yali Shi
Transpacific contract negotiations with shippers are taking longer as rates are expected to fall sharply, according to Yang Ming .
Most negotiations have not been completed, while contract rates are expected to fall by at least 50% from their level in 2021 and 2022, when freight ...
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