Port News & Information Mediterranean, Black & Caspian Seas
Source: PortSEurope

VCFI contracts in July with a decrease of 2.51% in freight levels

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A reactivation of demand and supply is perceived, which is reflected in the reduction of the idle fleet, which represents 6.6%, reaching 1.56 million TEUs – August 7, 2020 In July freight rates decreased with the Western Mediterranean and 0.68% with the Far East The data shows a slow normalization of traffic and idle fleet…

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