News / Container spot rate rises moderate – peak in sight?

Photo: VesselFinder

In the surest sign yet that soaring container spot freight rates may have reached something resembling a peak, this week’s indexes showed the smallest gains in months, while a couple of main east-west routes began to decline.

Drewry’s World Container Index (WCI) recorded a 3% week-on-week decline on its Shanghai-Los Angeles leg to $7,288 per 40ft, a trend that was supported by a 1% week-on-week drop on Xeneta’s XSI Asia-US west coast reading of $7,811 per 40ft.

Even more encouraging for shippers ...