Exiting the Month of May Ocean Freight Market is Overall on the Up
May came to a close and here is Xeneta's wrap up of last month's spot market and long-term ocean frieght rates for the Far East Asia Main Ports to North Europe and to U.S West Coast Main ports. May sees some declines, but overall the market is picking up as we enter Q3. A good question to ask is whether it is wise for shippers to bathe in the current low prices and risk what can happen to their cargo when the rates continue to increase.
full article found on xeneta.com