As we delve into September, the maritime industry is gearing up for a dynamic period with shifting tides in international shipping. August ushered in a seasonal surge in freight rates, aligning with the pre-Q4 demand peak in Western economies, driven primarily by the impending Christmas season. While this retail-driven demand boost has energized various ocean freight sectors, such as dry bulk, the third quarter of 2023 has left many stakeholders feeling uncertain about pricing.
SGX
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