News / Euro/US exporters back in favour as carriers seek backhaul cargo

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With the collapse of container freight rates from Asia over the past six months, backhaul trades have also seen significant falls.

Competition for backhaul cargo has intensified, with ocean carriers desperate to earn revenue from the vast numbers of empty containers racking-up huge storage costs at depots around the world.

Xeneta’s XSI North Europe to Asia component dropped another 9% this week, to take the rate down to $579 per 40ft, while on the transpacific, the Freightos Baltic Exchange FBX US west ...