Liners plan more rate hikes to halt renewed container spot rates decline
After last week’s hiatus, container spot freight rates on the Asia-Europe trades resumed their downward ...
Photo 168589869 © Chuyu | Dreamstime.com
By Mike Wackett
There seems to be no limit to what some shippers are prepared to pay to get containers onboard sailings from Asia to Europe and the US.
This week it appeared rate ‘offers’ in excess of $20,000 per 40ft are common on both tradelanes.
Indeed, The Loadstar has seen spot rates on offer from a top-five carrier this week for late July shipment from China to Felixstowe of $21,000 for a 40ft HC.
And there are anecdotal reports of premium space and priority discharge ...
Comment on this article
Andy Lane
July 03, 2021 at 3:34 amThe “Liner market had developed into a free-for-all”! Is that not how markets are supposed to function by free competition ideology?
Mike Wackett
July 06, 2021 at 9:28 amI’m hearing that it’s more like the Wild West at the moment Andy!