The container shipping market calls to mind a famous Mark Twain misquote: “Reports of my death have been greatly exaggerated.”
The historic rate boom appears alive and well — bad news for cargo shippers and good news for container shipping investors.
There was a dip in spot prices over recent months from stratospherically high levels, but downward momentum did not continue. In several trade lanes, including Asia-to-U.S., rates are now gravitating upward yet again.
Global indexes rising
Different...
https://www.freightwaves.com/news/about-that-rate-relief-ocean-shipping-costs-are-rising-again