Thu, 07 Dec 2023 22:00:57 +0000
So far this year, container volumes have fallen nearly 2% year-on-year while average freight rates have declined, reaching 2019 levels in September. Since then, they have continued to fall. However, the cost to charter a ship remains 25% higher than in 2019. Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. …
Full article: https://www.hellenicshippingnews.com/container-freight-rates-fall-to-2019-levels-while-costs-remain-high/