Long-term container contract rates to slide further in 2016
The long-term container contract rates look set for a further decline in 2016, notes benchmarker Xeneta in an update. Shippers are taking advantage of the downturn to secure favorable rates.
by DANIEL LOGAN
Next year's negotiated long-term container freight contracts are being signed at lower rates than in the past 12 months, and as such the slide in long-term container rates looks set to continue into 2016. This is evident from the contracts currently being loaded into Norwegian Xeneta's database, reports the company in an update on Tuesday.
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