East-west rates diverge as transpac spots hold while Asia-Europe keeps falling
Container spot freight rates on the main east-west trades diverged this week after a series ...
By Mike Wackett
Spot container freight rates between Asia and Europe and Asia and the US ticked down this week, but long-term contract rates continue to rise.
According to the latest crowdsourced data from market freight rate benchmarking platform Xeneta, the average long-term contract rate between Asia and North Europe is now at around $1,400 per 40ft, compared with just $900 a year ago.
On the transpacific Asia to US west coast trade – where rates are generally negotiated to run from 1 May – the ...
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