Shipping analyst: Container market is experiencing a "hard landing"

The pace of declines in rates on the container market’s Asia-Northern Europe routes has increased, the WCI index shows. Shipping analyst Lars Jensen describes this as a ”hard landing” for the market.

Photo: Pr / Cosco Shipping

Spot rates on the container market are continuing to plummet, and fell by 18 percent this week on the Shanghai-Rotterdam route – the largest drop over the past two months, reveals shipping analyst Lars Jensen, CEO and partner at Vespucci Maritime.

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