News / Carriers disappointed as contract talks loom and rate hikes fail to stick

Container spot freight rates this week were virtually unchanged from last week, as planned mid-November rate increases from carriers have, apparently, failed to stick.

There was a marginal 2% increase on the Drewry World Container Index (WCI) Shanghai-Rotterdam leg, which finished the week at $4,043 per 40ft, while Shanghai-Genoa was unchanged, at $4,400.

Asai-Europe carriers and shippers have now begun the annual negotiations on 2025 contracts, and carriers are keen to hike spot rates – which act as a guide for contract ...