News / Breathing space for shippers in a flat week for spot rates

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Spot freight rate levels on the major east-west container trades this week remained flat, as the third-quarter peak season swung into gear.

It is now less than three months until China’s Golden Week holiday, on 1 October, that will see the country’s factories shut for seven days – and, given the extended voyage times on many trades, it is likely to act as an informal deadline for the end of the peak season for some shippers.

However, shippers have at last had ...