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The flatlining of the pre-Chinese New Year shipping peak was in evidence in the past couple of weeks with falling spot rates. However, new analysis from Sea-Intelligence suggests the most recent decline is steeper than ever seen before.
The half-year health check on the state of the maritime markets finds shipowners in a better place than they anticipated 12 months ago. While tankers will have to wait for a meaningful vaccine-led recovery, box and bulk are booming.
Main insights for the second half of March 2025