More blanked voyages expected as carrier efforts to drive up rates falter
Container spot rates were largely unchanged for a third consecutive week, as it became evident ...
Photo 179326958 / Ripped © Oleksii Donenko | Dreamstime.com
If our sources are correct, and the ocean freight indexes are reflective of reality, carriers on the Asia-North Europe trade are already losing money on the spot market, on shipments signed at current rates.
Florian Braun, Flexport’s head of ocean freight EMEA region, told Premium recently that the spot rate break-even point for carriers on that particular trade was around $2,200 per 40ft.
Thus, depending on which index is deployed – as there are frustrating variations between those on offer – carriers ...
Comment on this article