Carriers under pressure to take more decisive action to stem declines

It’s the topic that has sparked the most debate in the container sector all month – just where is the floor for rates?

Analysts seem divided on how much lower rates will head before settling at a new normal level.

According to SHIFEX, one of a host of container spot freight rate indices, freight rates for 40-foot containers moving from China to the port of Los Angeles fell to $1,825 in October, which is equivalent to the pre-pandemic peak season level.

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