| Spot rates of oceangoing container ships appear to have bottomed out. In addition to growing demand for ships bound for the U.S., the collapse of leading South Korean marine shipper Hanjin Shipping accelerated attempts by other companies to shore up earnings with higher freight rates.
With the introduction of large container ships aimed at reducing operating costs, the shipping capacity supply and demand balance is not too tight, but the prevailing view is that the rock-bottom prices seen this past spring are unlikely to reoccur........................................Full Article: Source
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