Freight rates on the primary ocean trade channels are sinking during a time typically identified as the peak season in the industry after cargo owners reportedly shipped their holiday goods early and inflation dented consumer demands.
The cost incurred to ship a 40-foot container to the West Coast in the US from China is now about $5,400 per box, a drop of 60% from January 2022, per Freightos Baltic Index.
Each container shipped to Europe from Asia now costs $9,000, which is about 42% lower than...
https://www.marineinsight.com/shipping-news/ocean-shipping-rates-plunged-60-in-2022/