Carriers are knocking on the doors of shippers, offering discounted rates for December sailings from China to Europe, as bookings begin to tail off.
However, there is no evidence of a market crash, and rates are likely to gain a new head of steam in January ahead of the Chinese New Year holiday, which falls on 1 February.
According to the Ningbo Containerized Freight Index (NCFI) commentary, spot rates continued to soften …
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Source: The Loadstar
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