Xeneta: Ocean freight rates plummet from peaks across European export trades, but main plot fails to reveal full story

The cost of shipping containers out of Europe has plummeted from the peak prices of 2021 and 2022, with spot rates on the main corridors down by close to 70%. However, according to the latest data from Oslo-based Xeneta, some trade lanes are still capable of commanding prices far above pre-pandemic levels, with recent long-term …

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