News / Ocean freight rates stay on a roll, but are they high enough for carriers?

© Christian Horz

Following a mini-recovery of container spot rates on the major east-west trades in recent weeks,  Drewry believes they will continue to rise.

However, whether the rates will increase sufficiently to cover the additional costs of compliance with IMO 2020 is another matter.

The consultant contends that spot market rates are “currently enjoying a resurgence”, noting that a composite of eight major east-west trade components on its World Container Index (WCI) had seen a jump of $210 in the past two weeks to ...