Ocean spot rates cool in June as demand wanes, experts say

Ocean spot rates cool in June as demand wanes, experts say

July demand is likely to soften as April's frontloaded cargo arrives at ports, Clint Dvorak, senior director of ocean operations at SEKO, said.

Container spot rates see sharp declines on key trade lanes

The latest data from Drewry reveals a continued sharp decline in spot rates on major container shipping routes.