Carriers react quickly to transpac demand surge, but rates remain muted
Container spot freight rates on the transpacific continued to trend upwards this week, albeit at ...
Capacity issues at European ports may have boosted spot rates for Europe-Asia sailings but reports of congestion in Shanghai have done little for Asia-Europe sailings.
Shanghai-Rotterdam rates remained virtually flat this week – after a 7% slip last week – at $1,546 per 40ft, but Shanghai-Genoa saw a 3% dip to $1,462, according to Drewry’s World Container Index (WCI).
The decline was more marked on Freightos’ International Freight Index – which reports at the start of each week – citing China-Europe rates as low as $1,423 ...
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