Freight indexes have become divorced from the reality of the market according to consultant Jon Monroe, who says that no index accurately represents the rate a shipper needs to pay to ship a container to the US.
Ship operator profits increased from the middle of 2020 and have continued to grow into this year, with Yang Ming and HMM the latest lines to declare first quarter profits, and in HMM’s case, they represent historically high returns.
“Today’s environment is a free for all and it seems...
https://container-news.com/free-for-all-sees-rates-blow-indexes-out-of-the-water/