More disruptions due to COVID outbreaks and a possible early summit in this year’s peak season kept ocean rates extremely high though mostly level in August, with the Freightos Baltic Global index ending the month at $10,321/FEU. That is only a 1% monthly increase, but 430% higher than a year ago and nearly eight times …
The post FBX Index Now 430% Higher Than a Year Ago, Nearly Eight Times the Pre-Pandemic Norm first appeared on Hellenic Shipping News Worldwide. Source