April has delivered a shock to the system for long-term ocean freight rates from the US to the Far East, with significant falls on both East Coast and West Coast routes. The surprise development, revealed by Oslo-based Xeneta’s weekly market update, shows long-term rates abruptly falling into line with spot rates, after months of gaping …
The post Long-term container rates plummet on key US to Far East routes first appeared on Hellenic Shipping News Worldwide.