News / Carrier capacity management success signals more rate hikes

OOCL Qingdao

Container spot rates from Asia to North Europe increased again this week, and some carriers are holding off quoting for May shipments ahead of anticipated general rate increases (GRIs).

Drewry’s WCI North Europe component edged up 4% on the week, to $1,598 per 40ft, however forward quotes for late April sailings from China are coming in significantly higher than spot.

Indeed, a shipper contact of The Loadstar is being quoted $1,750 per 40ft from Dalian, China, to Felixstowe and $1,825 to Rotterdam ...