Weekly Container Rate Update -Week 32,2023

Capt. John
Credits: Venti-views-unsplash

General Rate Increases (GRIs) have been a persistent talking point for the ocean freight sector since April this year, as carriers struggle to tackle a lop-sided supply-demand dynamic and elevate subdued rates. However, until now, those efforts have largely fallen flat. But have August’s GRIs succeeded in changing that narrative? Xeneta’s latest data appears encouraging for carriers…

2023 has seen the container shipping industry striving to overcome the ‘double...

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