Fool’s paradise? Ships sailing from Asia to Northern Europe in early July were full, and freight rates shot up on July 1, but the market fundamentals of supply and demand remained weak, making everything look artificially induced and unsustainable. Cargo from Asia to Northern Europe continued to grow in May, reaching 771,000 teu, up 3.6% on April. Much of this was only seasonal, however, with t...
Fool’s paradise?
Ships sailing from Asia to Northern Europe in early July were full, and freight rates shot up on July 1, but the market fundamentals of supply and demand remained weak, making everything look artificially induced and unsustainable. Cargo from Asia to Northern Europe continued to grow in May, reaching 771,000 teu, up 3.6% on April. Much of this was only seasonal, however, with t...