Freight rates forecast to remain subdued

03 July 2013

The new Financial Year, for us in Australia at least, is marked by the usual notices of a General Rate Increase to commence July 1. These notices are issued so often and are ignored by the issuers, that they’ve come to have nearly zero meaning. And we expect this trend to continue for the immediate term.

The reasons for the weakness in the carrier's position can be summed up as follows:

Our view therefore, is of continued weakness in container freight rates and we expect freight rates to remain subdued.

Transtar Management