At the end of February, oil had a drastic drop in price - more than 50% decrease. Since oil prices are extremely important to the bunker price development, we are wondering if this decrease is visible on freight rates.
This week we analyze the last 2 months short-term freight rates on major global trade lanes. Watch the 7 minute video and learn what trade lanes are decreasing, increasing, or remaining steady.
Oil Price Impact on Short-Term Freight Rates
Week of June 11, 2020
Global Index on Ocean Freight Rates
Read Xeneta Shipping Index (XSI®) for a complete indication of the global market movements in the container shipping industry.