Container slump now also impacting contracts

Container freight contracts on the major east-west trades are now also being hit by the tough market. Rates have been reduced significantly since the beginning of the year, reports Drewry.
Photo: Hamborg Havn
Photo: Hamborg Havn
BY KATRINE GRØNVALD RAUN

Rates for container freight contracts on the east-west tradelanes have seen rates slide down since the beginning of the year, according to a new analysis from Drewry. As such, shipowners carrying goods on contracts are now also being hit by the downturn in the container market where carriers are struggling to turn a profit. On the other hand, this is good news for the customers, as they have been able to negotiate lower prices.

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