Spot shipping rates have moved by as much as 40% on specific routes in the wake of Hanjin Shipping’s financial woes. Yet, the broader market looks calmer – container rates out of China overall only increased 1.2% in the week to September 9. While there was a 5.4% rise on China to West-Coast U.S. lanes, other rates – e.g. into Japan – actually fell. Bulk cargo rates moved more significantly – the Baltic Dry Index increased 12% on the week to its highest since October 9 2015.
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