Asia-Europe freight rates have seen bigger slides in the past week with space constraints easing as peak season demand have passed.
The port congestion in North Europe that has provided some rate supposed has also improved slightly with yard utilization starting to trend down from critical levels in Antwerp and at some of the terminals in Rotterdam. However, Med port congestion remains high especially at Valencia and Genoa. The Turkish ban on Israeli ships has affected Zim’s Med service, which