Tumbling container rates affect both spot and contract markets

SalesMoney Matters
Written By Jennifer Joslyn

📉 Tumbling container rates affect both spot and contract markets.

Shipping carriers are experiencing financial difficulties as container volumes continue to decrease since mid-2022. Drewry's report showed a 2% decline in the WCI index, while the Xeneta report indicated a month-on-month decline in all regional trade lanes. CEO of Xeneta, Patrik Berglund, stated that carriers are in a difficult position as shippers hold the bargaining power during negotiations due to the decrease in demand caused by economic and geopolitical factors.

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Jennifer Joslyn
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