Year over year, ocean freights rates have lowered by 90% for cargo heading to the US West Coast from China. While a decline for the second half of 2022 has been seen, November marked a month-over-month record for a price drop – in the middle of the peak season.
The current situation
Several logistics managers have been dropping messages to their clients in the ocean-faring freight market to warn them of the freight rates that are due to be corrected in 2023. They also warn them of a faster rise...
https://www.marineinsight.com/shipping-news/freight-rates-are-down-90-to-western-us-from-china/