Spot rates on transpacific surge after news of tariff time-out
Container freight spot rates shot up on the transpacific trades this week, with an immediate ...
By Mike Wackett
Navigating the container spot rate market has become a minefield for shipper procurement managers under pressure from bosses to get the best deal in the market.
On the Asia-North Europe tradelane, the published spot indices all agree rates are falling by double-digit values week on week, but there is a considerable difference in the readings.
For example, Drewry’s WCI North Europe component fell 14% this week, to $1,686 per 40ft, while Xeneta’s XSI lost 15%, to $2,126, and the Freightos Baltic Exchange ...
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