News / Rates rising and space still tight for shippers frustrated by skipped port calls

Container spot rates from Asia to the US have re-gained traction after China’s Golden Week holiday, while rates to Europe appear to have plateaued and could ease over the coming weeks.

Both tradelanes are still experiencing acute capacity issues, with a high percentage of tonnage idled, awaiting berths at chronically congested US and North Europe hub ports.

According to today’s reading of the Freightos Baltic Exchange (FBX), Asia-US components, the spot rate for a 40ft to the US west coast jumped by ...