Drewry: Carriers Could See Higher 2017 Contract Rates
The recent rally in Asia to Europe spot market rates has improved carriers’ chances of securing higher 2017 contract rates, according to shipping consultancy Drewry.
Drewry: Box Shipping Rates Fall as East-West Price War Rages On
As the price war between container shipping companies persists, contract rates in the major East-West trade routes are expected to see at least a 30 percent decrease for new contracts starting from the second quarter, shipping consultancy Drewry said.