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November 8, 2022

Ocean freights drop sharply as global trade slows down

Ocean freights drop sharply as global trade slows down
In 2021, the skyrocketing shipping prices have made the world's major shipping companies more profitable, but now, such good days are over.    The World Cup, Thanksgiving and Christmas seasons are coming one after another, but the global shipping market is chilling, and the freight rates of major shipping routes have dropped significantly.    "The freight rate of the Central and South America route has dropped from US$7,000 in July to US$2,000 in October, a drop of more than 70%," an ocean freight forwarder said. Compared with the Central ...

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