While prices and rates are significantly up, trading volumes have decreased as buyers are becoming more cautious. This trend potentially indicates a potential reversal of prices in the near future, as the market adjusts to the current disruptions and the high levels of volatility.
Leasing rates on the China to Europe route have tripled, with pick-up charges to Rotterdam at $1700, Hamburg at $2030, and Antwerp at $1888 in June 2024.
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