Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

World's Busiest Freight Route Rates Plunge To 2014 Lows

Shipping freight rates for transporting containers from ports in Asia to Northern Europe - the world's busiest route - fell 10.2% to $738 per container in the week ended on Friday, according to Reuters. This is the 4th weekly drop in a row and is the lowest level since Oct 25th 2013. Confirming this global trade volume collapse, the Baltic Dry tumbled back below $1000, down 50% from a year ago, and is hovering once again at post-Lehman crisis lows. But apart from that, the global economy is doing great...

 

Freight rates have halved year-over-year...

 

Of course, the question is - when will stocks re-align with global fundamentals...

 

Maybe that explains this...

 

Charts: Bloomberg