Hopes that container freight rates on China export trades have bottomed out appear premature.
Prices for forward contracts point to a market that is betting on freight rates on trade to Europe having further to fall.
That is despite the first rise in container freight rates in many months.
- Reefer: Refrigerated container
- teu: 20-foot equivalent unit used to measure container sizes
- feu: 40-foot equivalent unit used to measure container sizes
- Blank sailing: This could mean a vessel is skipping one port, or that the entire string is canceled.