September 13, 2023 Update
Freightos
SEPTEMBER 13, 2023
This late Q4 strength would be a possible sign of a general restocking cycle, as these goods would arrive too late for the holidays. Rates fell another 7% last week to less than $1,100/FEU – 45% lower than in 2019 – and carriers have announced a significant increase in blanked sailings to try and push rates back up. Europe – N.
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