Carriers hope blankings and post-CNY boost can bolster rates

“When viewed in aggregate, both Asia-North Europe and Asia-US west coast spot freight rates have fallen in the region of 15% over the past month. Most of this fall can be ascribed to seasonal trends around the lunar new year, although further rates declines are expected to be more heavily driven by overcapacity.” said analysts at MSI. Read more at The Loadstar.