Continued Global Uncertainty Hits Rates, But Worst Fears Yet To Be Realized – Report

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With the collapse in demand and glut of supply in the container vessel segment, analysts may have been fearing the worst for developments in long-term contracted ocean freight rates. However, despite the widespread ramifications of Coronavirus, rates held comparatively steady for the month of May, with the latest XSI® Public Indices report from Xeneta registering a 1.2% decline. This follows a 0.7% increase in April, leaving the index up 1.7% for 2020 so far. That said, the future, Xeneta...

https://www.marineinsight.com/shipping-news/continued-global-uncertainty-hits-rates-but-worst-fears-yet-to-be-realized-report/

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