FBX Index September 2023: Looking forward
August should see seasonal upswing of freight rates, alongside a pre-Q4 peak in demand into Western economies in the run up to the Christmas period. Driven by retail demand, and interestingly alongside similar seasonality you can find other ocean freight modes, including dry bulk, Q3 2023 has failed to inspire much in the way of confidence for prices. The big news is that of a watershed moment for container futures, with a large burst in trading demand from the Shanghai INE contract launched at the end of August. Large trading ...
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