Freight Rates Normalisation

Freight rates may have peaked for now and be coming down from their all-time highs. But any resetting to prior levels could take another two years, according to analysis by Sea-Intelligence.

Although the Shanghai Containerised Freight Index added 0.4% in the past week, other indices show a downturn in the rates paid, including Freightos’ Baltic Index, which recorded an 11% decline on its global index and a sharp 21% fall on the transpacific, and Xeneta, which also recorded a smaller decline on the Asia-US west coast routing.

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