Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
Container spot rates have continued their upward trajectory on the trunk east-west trades with double digit week-on-week gains on the Asia-Europe and Asia-North America routes.
Drewry’s World Container Index (WCI) recorded 12% week-on-week increases on Shanghai-Rotterdam, Shanghai-Los Angeles and Shanghai-New York legs, which respectively finished the week at $4,172, $4,476 and $5,717 per 40ft.
“Drewry expects ex-China freight rates to rise due to increased demand, tight capacity, and the need to reposition empty containers,” the analyst said.
The WCI recorded an 11% increase ...
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