Shipping rates are no longer plunging. Is ‘new normal’ near?

Date Added: 1 November 2022

Shipping rates are no longer plunging. Is ‘new normal’ near?
 
As a provider of international container shipping services, Davies Turner notes that a report on the Freightwaves website suggests that ocean shipping spot rate indexes are still falling. But after months of steep declines, they’re dropping much less rapidly than before.

The article, which can be read in full at the link below, asks if this could be just a temporary plateau before the next leg down? Or it could be something more significant: the first sign of the market bottom, the post-pandemic “new normal.”

Figures produced by different spot rate indexes, which publish different numbers, are quoted in the article, and critics contend that indexes don’t reflect actual rates. But the consensus is that indexes are a good indicator of the general direction of pricing. And the direction spot indexes are headed lately is more sideways than down.

The full report on the American Shipper area of the Freightwaves website can be seen here:

https://www.freightwaves.com/news/shipping-rates-no-longer-plunging-is-new-normal-near?j=212370&sfmc_sub=62561164&l=256_HTML&u=4335188&mid=514011755&jb=26006&utm_source=sfmc&utm_medium=email&utm_campaign=FW_Daily_10_28_22&utm_term=Shipping+rates+are+no+longer+plunging.+Is+%e2%80%98new+normal%e2%80%99+near%3f&utm_id=212370&sfmc_id=62561164

For more information about Davies Turner’s ocean freight forwarding and logistics services, please contact ocean@daviesturner.co.uk or visit the relevant pages of this website.

Would you like more information?

I would like to opt-in to receive marketing communications from Davies Turner via:

Track your consignment online to get the latest status

Our core products – in air, ocean, overland forwarding and customs services, as well as in warehouse management and distribution

Click here to track your package

Back To Top

An image of the Top track logo An image of the ROSPA Gold award logo An image of the Rospa gold 22 logo An image of the 90001 logo An image of the investor in people logo An image of the system alliance europe logo An image of the iata logo An image of the aeo logo An image of the bifa logo An image of the ukwa logo