Xeneta: Spot Rates Out of Far East
Far East fronthauls – a key battleground for carriers to protect profitability. When analyzing the ocean freight shipping industry, our gaze often falls on fronthaul spot rates from the Far East – the world’s manufacturing powerhouse and driver of global trade. 2023 has been a year marked by lower shipping volumes coupled with increased capacity. But what impact have these market dynamics had on spot rates out of the Far East? Firstly, let’s take a look at spot rates from the Far East into the Mediterranean, which fell by 45.9% ...
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