Ocean freight rates now pointing downward after November rise

After a brief November surge, spot rates for ocean freight appear headed lower again as container volumes disappoint. 

The rates for China to the U.S. West Coast (SONAR: FBXD.CNAW) are $1,486 per forty-foot equivalent unit (FEU), according to the Freightos’ Baltic Daily Index. The rate is up 13% from the level seen at the start of October. But momentum appears to be…