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

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