Due to the rapid change of event.
Weekly Rate Update: Week 20
May 14, 2020
Due to the rapid change of events affecting our industry from the COVID-19 crisis, we will release weekly rate updates on various trades.
This week we dig into the short term container freight market.
Since the beginning of 2020, this trade lane has a constant decrease in freight rates. Now at the beginning of May, we see major increases. 30% higher rates compared to the same time last year. Which trade lane is it? Watch the 5-minute update for the latest on China to South America East Coast short term market.
What trade lane has a 30% increase?
Week of May 14, 2020
Global Index on Ocean Freight Rates