News / Asia-Europe spot rates level out as CNY doldrums come into view

Photo: CMA CGM

Container spot rates from Asia to Europe appear to have reached their elevated peak ahead of Chinese New Year, but transpacific rates are still in the ascendance.

Drewry’s WCI Asia-North Europe component edged up just 1% this week, for an average of $4,984 per 40ft, while Asia-Mediterranean rates were also up 1%, to $6,365 per 40ft.

Nevertheless, spot rates for the two tradelanes are up 186% and 129% respectively on the same week of last year, ...