NEWS: The Loadstar - Container Freight Rates

The Loadstar

 

June is bearing few surprises for container shipping, with demand continuing its inexorable downward correction.

In its latest XSI report, Xeneta’s index of rates is down by 42% year on year, May marking the ninth consecutive month of dropping rates.

And long-term rates fell 27.5% last month alone – prompting Xeneta CEO Patrik Berglund to say that “collapse” was the only appropriate descriptive word.


Read more here. . . Container Freight Rates