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July 2, 2020
Rising ocean freight rates having a huge impact on global timber trade
The latest maritime analysis report shows that the World Container Index has increased by 8.8%, or US$151, to US$1,866 per 40-foot container. This is mainly reflected in the rise in the spot price of Asia-Europe maritime transportation, which has directly caused the average global maritime price to rise to a five-year high. At the same time, due to the continuous decline in shipping capacity, it is expected to further promote the continued rise in spot maritime prices. The World Container Index shows that in the ...
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Container lines face $17 billion fall in revenues, as the efforts to stop spread of coronavirus continueDaily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood Products / Wood-based panels / Asia & Middle East / Australia and Pacific Region / China / Europe / Global / North America