By Barry Parker (gCaptain) – As the “R” word, “recession” is increasingly being used by economic forecasters, questions are abounding regarding the impact of potential economic slowdowns on the container.
Long term rates for reefer containers from the US West Coast to the Far East are at their highest ever level. The average rate for all valid contracts stands at USD 5850 per 40’ reefer on 15 May. Long term rates rose nearly by USD 2000 in April, as last year’s long term contracts ran .
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