HSBC: Freight rates in South East Asia drop to bottom level

Container freight rates in South East Asia sink further in the week starting on Sept. 2, reports HSBC Global Research. The rates are significantly below the level a year ago.

Photo: PR / Hamburg Süd

Freight rates for container shipping in South East Asia have declined sharply in the beginning of September and are now at a lower level than last year, according to HSBC Global Research. The bank estimates that rates will fall even more before reaching the bottom.

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