CCFI Summary week 29

Ocean freight rates decreased via the East Coast of North America (-1.7% week-on-week), via the West Coast of North America (-2.5%), Europe (-2%), and Korea (-2.7%).

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Ocean freight rates decreased via the West Coast of North America (-5.6% week-on-week), via the East Coast of North America (-3.5%), Europe (-7.0%), and Korea (-4.4%).

IATA said the air cargo market is stable despite demand falling for the sixth month in a row in August. The airline association’s latest data shows that demand in August fell by 8.3%, which was a slig