02
Apr

Container rates drop 28%, worst first quarter in twenty years

Average container freight rates for Chinese exports have dropped 28% since the start of the year, posting the worst first quarter development of the past twenty years,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. Based on input from twenty-three liner operators, the China Containerized Freight Index (CCFI) reflects the general export freight rate level …