Container freight rates fall to 2019 levels while costs remain high

So far this year, container volumes have fallen nearly 2% year-on-year while average freight rates have declined, reaching 2019 levels in September. Since then, they have continued to fall. However, the cost to charter a ship remains 25% higher than in 2019. Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. …

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