Lower capacity bunker rates have been key to #freightforwarder profits during the first half of 2020.
While COVID-19 has slowed consumer spending, forecasts predict a gradual recovery in demand. Rates are also driving healthy profit returns; Far East trade into the US West Coast has seen a rate rise of over 177% since August last year.
Follow SeaRates for more industry news, updates and freight tools.
While COVID-19 has slowed consumer spending, forecasts predict a gradual recovery in demand. Rates are also driving healthy profit returns; Far East trade into the US West Coast has seen a rate rise of over 177% since August last year.
Follow SeaRates for more industry news, updates and freight tools.