‘Torrid times for carriers’


Weak demand and overcapacity are creating a ‘torrid time for carriers’, says Xeneta analyst

Long-term ocean freight rates slid once again in August, marking the 12th consecutive month of declines for beleaguered carriers, according to the latest figures from Xeneta.

Real-time data from the Xeneta Shipping Index show contracted rates fell 7.8% in August, meaning prices have now dropped 62.7% since this time last year.

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