Significant box market slowdown in September – freight rates still declining
The container market, which for several months has been cooling down after two years with record earnings, has waned even further in September, accelerating the decline in freight rates, according to new figures from Clarksons Research.
by DAG HOLMSTAD
Fundamentals in the container market, which for two years have resulted in sky-high freight rates and record earnings for box carriers, are apparently changing more rapidly and dramatic.
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