Dry cargo market report dated 8 July 2022
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For almost three months now, the spot freight rate for containerised goods shipped by sea from North Europe to the US East Coast has been 210% higher than last year (1 July – 23 Sept).
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During the pandemic retail sales and personal savings have been increasing in tandem and supported US consumer demand for imports from the Far East. Now, retail sales appear to be receding and the question is whether the past two years’ savings will be enough to support continued high import volumes... Please follow the link to continue reading.
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During the pandemic retail sales and personal savings have been increasing in tandem and supported US consumer demand for imports from the Far East. Now, retail sales appear to be receding and the question is whether the past two years’ savings will be enough to support continued high import volumes... Please follow the link to continue reading.
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BIMCO's Shipping Analyst looks at the shipping number of the week. This week: Container market grows a modest 0.2% y/y in 2023 as the fleet swells