Ocean Freight Comments
Transportation and Export Report: Jay O’Neil, O’Neil Commodity Consulting: From a technical point of view freight markets were higher this week. The Baltic Indices were up as paper traders returned from holiday with optimism. But the physical markets did not truly follow and by the end of the week even the indices had to give back some of their gains. Overall the market remains mostly steady with a lot of uncertainty over the ramifications of the tariff war between the U.S. and China.
The charts below represent 2018 YTD totals versus 2017 annual totals for container shipments to Thailand.
