{"id":7036,"date":"2023-05-02T19:18:34","date_gmt":"2023-05-02T19:18:34","guid":{"rendered":"https:\/\/axxessintl.com\/soft-demand-pushes-ocean-spot-rates-to-their-lowest-sustainable-level\/"},"modified":"2023-05-02T19:18:58","modified_gmt":"2023-05-02T19:18:58","slug":"soft-demand-pushes-ocean-spot-rates-to-their-lowest-sustainable-level","status":"publish","type":"post","link":"https:\/\/axxessintl.com\/en\/soft-demand-pushes-ocean-spot-rates-to-their-lowest-sustainable-level\/","title":{"rendered":"Soft Demand Pushes Ocean Spot Rates to ‘Their Lowest Sustainable Level’"},"content":{"rendered":"

Weak demand in the three major ocean trades, coupled with the expected flood of new tonnage, will feed declining rates, according to the latest report by Maritime Strategies International (MSI).<\/p>\n

And ONE CEO Jeremy Nixon said on April 28: \u201cDemand in the last quarter [Q1 23] has been significantly weaker than the previous two years\u2019 first calendar quarters.\u201d\u00a0But, he added, this was not unexpected, \u201csince the COVID 2022 recovery cycle brought strong inventory ramp-up programs for consumer merchandise.\u201d<\/p>\n

Even though Nixon believes there has been an over-correction affecting sales and inventory levels, ONE is not expecting any signs of recovery until June or July.<\/p>\n

MSI\u2019s report describes spot rates as being \u201cat their lowest sustainable level,\u201d but they are stable, whereas contract terms are still under negotiation for many and \u201cthere is further room for weakening in terms of contract freight rates.\u201d<\/p>\n

Read more in an article from The Loadstar<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Weak demand in the three major ocean trades, coupled with the expected flood of new tonnage, will feed declining rates, according to the latest report by Maritime Strategies International (MSI).<\/p>\n","protected":false},"author":15,"featured_media":3137,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[800],"types-de-nouvelles":[],"class_list":["post-7036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-freight-news","tag-maritime-strategies-international-en"],"yoast_head":"\nSoft Demand Pushes Ocean Spot Rates to 'Their Lowest Sustainable Level' - Axxess International<\/title>\n<meta name=\"description\" content=\"Weak demand in the three major ocean trades, coupled with the expected flood of new tonnage, will feed declining rates, according to the latest report by\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/axxessintl.com\/en\/soft-demand-pushes-ocean-spot-rates-to-their-lowest-sustainable-level\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Soft Demand Pushes Ocean Spot Rates to 'Their Lowest Sustainable Level' - 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