Shipping Rates Dip After Lunar New Year But Carriers Doing Better in 1Q So Far — Panjiva


Shipping Rates Dip After Lunar New Year But Carriers Doing Better in 1Q So Far

Corp - Shipping 616 Energy - Bunker Fuel 64 Global 745 Mode - Containerized 1017 Theme - Rates 144

Container shipping rates for routes out of China fell 0.3% on Feb. 15 compared to the last reading before the lunar new year holiday. That’s a normal performance with rates having fallen by between 1.6% and 7.5% in the three weeks after the holiday as export pipelines are refilled. Halfway through the first quarter it appears that conditions for the container-lines are improving with average rates having increased by 3.2% compared to the fourth quarter. That’s much needed for two reasons. First is that the shipping lines, including car carrier Wallenius Wilhelmsen and container-line Ocea...

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