AJOT Newsroom
| April 06, 2023
| Maritime | Liner Shipping
• The majority of those surveyed are hopeful of a better peak season in 2023 and expect a revival of container rates leading up to the peak season, Container Price Sentiment Index (xCPSI) moves from negative to positive readings at an all-time high in April.
• Shippers delay contract negotiations as contract rates are still higher than the spot rates
• Container price volatility eases in Northeast Asia. North America witnesses the biggest drop in container prices (20 ft DC) in the first quarter of 2023, the global average decline accounts for 14% (20 ft DC)