World Maritime News (47)
January 11, 2023
Lines struggle to push up rates amid weak market fundamentals Container shipping lines are facing an uphill battle to increase rates as market prospects remain bleak. The recent traditional cargo rush ahead of the Chinese New Year holiday improved vessel utilization and boosted carriers’ confidence for a price hike. But the reality is less upbeat than expected. Container freight markets are expected to head further south despite a stabilizing spot rate index seen ahead of the Chinese New Year,