News / Carriers may have 'overshot' on capacity and will need to blank more sailings

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Container spot freight rates on the main export routes out of China continued to fall this week, with declines seen on both the transpacific and Asia-Europe trades.

The trend of declining spot freight rates was bucked, however, on the transatlantic, where Drewry’s World Container Index (WCI) recorded a 28% week-on-week increase, to $2,663 per 40ft, on its Rotterdam-New York leg.

And the backhaul New York-Rotterdam leg price rose 4%, to $761 per 40ft, as forwarders claimed pre-US east coast strike surcharges have ...