Intra-Asian ocean freight rates are “sliding”, but the market is holding up better than long-haul trades, according to Dimerco.
In its September Asia Pacific freight report, the Taiwanese forwarder said demand for ocean freight was weakening worldwide due to economic recession and inflation, with macro indicators “not suggesting a quick turnaround.”
Dimerco added: “Overall, ocean loading factors ex-Asia for long-haul trades fell 94%. The upcoming weeks could drop to 92% or so.
“Weak …
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