Freight Rates - Spring / Summer 2009

20th-Mar


Freight Rates - Spring / Summer 2009

After a precipitous collapse freight rates appear to have stabilised (May / June).

Lines are actively mothballing tonnage and sharing ships to radically cut capacity by up-to 50%.

It is expected that a new round of rate increases will be attempted during July / August. It remains to be seen if the market will accept this. 
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