Container freight rates back at 2019 levels but costs remain high
Liner operators are grappling with a challenging supply/demand imbalance that is impacting freight rates. The year-to-date growth of the fleet has reached 5% compared to 2022 and a substantial 19% compared to 2019. However, container volumes have declined by 2% compared to 2022 and are only marginally up by 1% compared to 2019.
While lower sailing speeds have tempered supply
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