Carriers

August worst month for container in two years

Demand continues to decline on the container market, with August showing the lowest demand in more than two years, writes Sea-Intelligence, projecting that routes on the Pacific will close due to the bad box market.
Photo: ZIM Integrated Shipping Services
Photo: ZIM Integrated Shipping Services
by DANIEL LOGAN

Demand and spot rates on the container market are in free fall, with the industry noting a new low-point in August.

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