The billion-dollar question for container shipping markets at the beginning of 2022 was: “Party on or the big unwind?”
It turned out to be the big unwind. As this year comes to a close, the party is pretty much over. Most of the COVID-era market gains are gone. The rest are in jeopardy in 2023.
Asia-West Coast rates back to normal
The Freightos Baltic Daily Index (FBX) assessed China-West Coast rates at $1,378 per forty-foot equivalent unit on Monday. The index has been relatively unchanged...
https://www.freightwaves.com/news/container-shippings-big-unwind-spot-rates-near-pre-covid-levels