“You take away all sense and rationale. And whatever is left, is the container shipping market,” said Peter Sand, Xeneta’s chief analyst, today.
“It has certainly been a mad week,” added a European freight forwarder.
The continuing Red Sea crisis in combination with higher-than-expected demand caught many Asia-Europe forwarders on the back foot over the past fortnight, and this week the spot freight rate indices began to match anecdotal trade reports.
Drewry’s World …
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