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

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By Mike Wackett

22/09/2023

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 ...

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Topics

Asia-Mediterranean Asia-North Europe Drewry WCI Freightos FBX Rates - the eternal tango Transatlantic Transpacific Trade Xeneta XSI

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