News / Spot rates rebound and carriers now need self-discipline before peak season

Container spot rates this week reacted positively to carriers’ 1 May GRIs, gaining more than 30% to North Europe and 22% to the US west coast.

Today’s Shanghai Containerized Freight Index records a jump of $190 per teu, or 32.5%, for rates from Asia to North Europe to $774 per teu.

The welcome recovery for carriers in the North European spot business restores rates to the level of mid-March after several weeks of erosion.

However, rates need to improve significantly further to match the level of ...