Harbour-Link sees erratic global freight rates ahead

KUCHING: Harbour-Link Group Bhd expects international container freight rates, which have weakened significantly from their peaks recorded last year, to be volatile going forward.

According to the Bintulu-based shipping and integrated logistics provider, its container freight rates within the Intra-Asia and China trade had encountered downward adjustments by 15% to 20% in the July-September 2022 quarter because of weakened cargo demand and keen competition from main liner operators.