Long-term ocean freight rates have continued their downward trend in August, marking a year of steady decline for carriers, as reported by Xeneta. Carriers are grappling with challenges in the contract market, attributed to weak demand and an increasing ship capacity. The situation has resulted in significant and widespread reductions in long-term shipping rates. Xeneta […]

Shipping accounts for 90% of global trade, it is safe to argue that the ocean freight sector is essential to maintaining the modern economy. The dozens and millions