The Dispatch - Issue #17
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Rates
Continuing to see rates moving downward, though not dramatically. The indices below give a good picture of the trends, however achievable rates are actually below this level currently.
XSI® - C
Report a figure of $11,434 per 40’ container (FEU) dated 05/04/22 (down 9.96%)
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FBX
Report a figure of $12,031 per 40’ container (FEU) dated 08/05/22 (down 0.5%)
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News
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Tweets
Weird situation for shippers to be told, time and again, that demand-driven environment was causing the carnage they felt, then to shift the narrative when demand finally eases to the “short-sighted” supply side. Someone clearly has to be blamed or we’re not doing it right.
— Eric Johnson (@LogTechEric) April 6, 2022
Expect more cargo delays for freight coming out of Shanghai in the weeks to come. https://t.co/k76zljbc07
— Ryan Petersen (@typesfast) April 5, 2022
My personal take is that the seasonal decline of Lunar New Year rates got mixed up with COVID lockdowns in China so that the decline in spot rates is greater than would be the case if they truly reflected demand. We will find out soon! https://t.co/uPw3IujcQX
— Dustin Braden (@dbrades89) April 4, 2022
European importers are facing a growing shortage of available storage in container yards and warehouses @JOC_Updates https://t.co/NxMPpCq3mH pic.twitter.com/MUz9rxtcxd
— Dustin Braden (@dbrades89) April 4, 2022