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‘Hard landing’ forecast for container freight rates

Container shipping has been warned to brace for a hard landing rates-wise as multiple indices around the world plunge further. Utilisation rates are sliding despite an increase in blank sailings. Spot rates, as recorded by the Shanghai Containerized Freight Index (SCFI), are on a “fast-declining trend” according to a new report from Jefferies. The overall …

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Container shipping has been warned to brace for a hard landing rates-wise as multiple indices around the world plunge further. Utilisation rates are sliding despite an increase in blank sailings. Spot rates, as recorded by the Shanghai Containerized Freight Index (SCFI), are on a “fast-declining trend” according to a new report from Jefferies. The overall …

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