2023 Rate Outlook: Will shippers catch a break?
Given the current state of supply in the market and understanding that market rebalancing will be slow, diesel prices are likely to remain high and volatile through 2023.
According to a recent report in the Wall Street Journal, “the weekly Shanghai Containerized Freight Index, which measures shipping prices out of China, recently dropped to $1,443.29, about one-third the level it hit in early June.”
