Xeneta: Fundamentally uncertain container market
Container rates have steadily increased since an all-time low this March, but the development is more a sign of the uncertainty in the market and less an indicator an actual improvement, notes container platform Xeneta.
BY DANIEL LOGAN BERG-MUNCH
The container market is fundamentally weak and characterized by structural problems, and the steady increase in container rates since March of this year should not be viewed as a sign of good health but instead as an example of the underlying uncertainty in the market, container data platform Xeneta states in a market update.
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