Analyst firm seeing signs of weakening container spot rates

Spot rates on the container market have declined in the past two weeks. The likelihood of a bigger drop in rates has increased, according to Sea-Intelligence.

Photo: Fabian Bimmer/Reuters/Ritzau Scanpix

The past two weeks have seen a weakening of spot rates in the container market that’s far more significant than what can be solely attributed to seasonal effects.

Such is the assessment of Sea-Intelligence, and according to the analyst firm, there is now an increased likelihood that rates could be facing a bigger drop and be headed toward a more normal level.

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