Posted on May 15, 2023

Container carriers are involved in a freight rate battle, according to one leading analyst, while other experts remain cautious about labelling today’s diminished container earnings as an all-out battle to the bottom.

Carriers have given up all the increases made in April Blank sailings are being removed, sailing speeds are rising, carriers have increased charter rates.

The chief analyst at a freight rate platform argued that the rate war is already long gone, having been settled between the shipping lines last year.

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