News / Have spot rates reached their peak? 'We're not out of the woods yet'

There are tentative signs that soaring container spot rates may be coming to an end – early data this week suggests pricing may be beginning to level off.

Data released yesterday by Xeneta indicated that average spot rates from the Far East to the US East Coast increased 3.7% on 15 July, to $10,045 per feu, and spot rates into the US West Coast rose 2%, to stand at $8,045 per feu.

“While this means spot rates are up almost 150% on ...