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.
Read Xeneta Shipping Index (XSI®) for a complete indication of the global market movements in the container shipping industry.
Access April 2020 Report Here