The fortunes of container-lines and tankers/bulkers diverged in October. Container rates may have arrested a 12 week decline in the last week of the month, but are still close to the lowest since December. Rates ended the month 3% lower than they started, and averaged 6% less. That was due to over-capacity on European routes, with Mediterranean-bound rates dropping 10% in the month. Intra-Asia and Trans-Pacific rates did better. The next challenge is rising bunker fuel prices, which climbed 5% in the month to end at their highest since July 2015. Container-rates need more than a one w...
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