News / Another week of tumbling spot rates – here come the 'carrot danglers'

Container spot rate indices have recorded another week of double-digit declines for Asia-Europe and transpacific headhaul container rates.

And the market is expecting further contractions in the coming weeks, before a bounce-back later in the year.

Drewry’s WCI Asia-North Europe component fell 10%, to $6,027 per 40ft, while its reading for Mediterranean ports slumped 13%, to $6,419 per 40ft.

These two components have fallen 58% and 53%, respectively, in the past 12 months – however, they remain three times higher than before the ...