July 11, 2023 Update
Freightos
JULY 11, 2023
Container ship backlogs have now developed, with more than 10 vessels anchored near Vancouver and several off Prince Rupert port. With volumes higher than in 2018 and 2019 in May and June, ocean rates that for the most part have been at or below 2019 levels may be more a function of excess capacity than of subdued demand.
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