New Year, New Rules – S&P Global Platts Container Update, November 2019 — Panjiva


New Year, New Rules – S&P Global Platts Container Update, November 2019

Global 963 Mode - Containerized 1134 Mode - Seaborne 1441 Theme - Rates 159

The month of November has seen a reversal in some of the pessimism expressed by container-lines early in the year. Container rates globally at the start of December were 2.1% above the level of the start of November. That’s been driven by the container lines’ increased use of void sailings as well as a slight uptick in demand ahead of the early Lunar New Year. North America routes however suffered another month of weak rates, with spot rates struggling to retain general rate increases – North Asia to West Coast US rates dropped 25% and those to the East Coast fell by 13.5% during Novembe...

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