Author: Admin Operation
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Ocean freight rates drop $10-15/t since Nov. What to expect in mid-term?
Freight rates across segments dropped by $10-15/t since Nov on lesser imports by China. Experts say, prices have bottomed and may recover marginally before Chinese New Year. Freight rates have cooled down since early Nov’21 across Capesize, Panamax and Supramax segments by $10-15/tonne. For instance, Supramax rates to the west coast of India have dropped…