The ocean freight market is in standoff as peak contract season hits

Ocean freight rates made volatile by Red Sea and Panama Canal issues will be set in the weeks to come, and neither carrier or customers are ready to blink.

By: CNBC

Mar 28 2024
14
3691 Views

Before the Red Sea spike, ocean freight rates and contracts — which drive profits for the ocean carriers such as Hapag-Lloyd and Maersk — had dropped to as low as $1,342 for a 40-foot container in October. The impact of those lower freight rates were... [4810 chars]

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