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.
Shipping Terms Glossary
- 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.