Photo 219238592 © Simon Collins | Dreamstime.com

The Loadstar’s container shipping expert Mike Wackett couldn’t have been more unequivocal in his assessment of the transatlantic trade in the most recent Loadstar Podcast.

“What you are seeing there is just a total crash.”

Down we go

According to Xeneta’s XSI spot rates index as of the first week in September, transatlantic rates were down another 4.5% to $1,400 per 40ft on the headhaul North Europe-North America leg.

“A year ago, rates were up to $8,000-$9,000 per 40ft and historically rates on that ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium

Or buy full access to this story only for £13.00

Please login to activate the purchase link or sign up here to register an account

Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.