News / 'Freefalling' Asia-North Europe rates shed half their value in three weeks

Photo 199691616 © Clare Jackson | Dreamstime.com

Container spot rates from China to North Europe are in freefall with average rates dipping below $1,000 per 40ft this week having lost almost half of their value since the start of the month.

Today’s reading of the Freightos Baltic Exchange (FBX) Asia-North Europe component saw its spot rate fall to $997 per 40ft, which compares with the FBX spot rate average of $1,743 per 40ft on 1 September.

Moreover, unsolicited offers to The Loadstar’s inbox this week have seen all-inclusive rates ...