Ocean spot rates from Asia to North Europe and the Mediterranean decreased further last week. Prices are now more than 20% below their highs reached in July, and likely mark the early close to a peak season that started early too.
Red Sea diversion-driven longer transit times and delays at Asian origin ports motivated shippers to start ordering early, and import volumes from Asia likely peaked in June and early July. With late September as this year’s deadline for European importers to move...
https://container-news.com/container-market-braces-for-ila-strike-on-us-east-coast/