Container trade economics – what to look for now
Making sense of a fools’ game
ID 144806554 © Anekoho | Dreamstime.com
By Mike Wackett
Shippers from Asia to Europe saw a further spike in container spot rates this week, particularly for Mediterranean ports.
And ocean carriers are said to be preparing big increases in short-term rates as cargo-rolling becomes the norm.
On the transpacific, carriers are ‘sold out’ for the rest of May and into June, with this week’s spot rate increases from Asia to the US west and east coasts described by one shipper as “academic”.
The North Europe component of the Freightos Baltic Index (FBX) ...
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