Freight rates from China to West Coast down 90% as global trade falls off fast

Capt. John

Logistics managers are sending the message to clients that the ocean freight market is correcting itself at a faster pace than anticipated. Shipping firm HLS recently wrote to clients, “We initially expected the market was about to correct itself and normalize some time in 2023, but it comes much...

https://www.hellenicshippingnews.com/freight-rates-from-china-to-west-coast-down-90-as-global-trade-falls-off-fast/

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