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Champi support unlikely to reverse container freight market trend
Typhoon Champi and persistent congestion at major Southeast Asian and South Asian ports are giving temporary support to container freight rates, but excess capacity, price competition and the winter slack season continue to weigh on rates.
Typhoon Champi and persistent congestion at major ports in Southeast Asia and South Asia are providing temporary support to container freight rates. The disruptions are affecting vessel schedules and delaying some ships by up to three days.
According to Linerlytica, the reprieve is unlikely to reverse the market’s downward trajectory. Excess capacity and aggressive price competition remain in place.
The onset of the winter slack season is also continuing to weigh on rates, according to the report.
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