A rates bloodbath is shaping up as fundamentals in supply and demand finally overwhelm the black swan events that have seen shipping lines bank hundreds of billions in profits since 2020.
According to Xeneta chief analyst Peter Sand, freight rates have declined by 50-70% since last July and the rate of decline has significantly accelerated in February.
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https://container-news.com/geopolitics-tariffs-and-war-result-in-rates-bloodbath/