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 ...
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By Mike Wackett
Drewry’s WCI container spot rate index was a sea of red ink again this week, ahead of a planned wave of ocean carrier general rate increases (GRIs) next month.
The unrelenting erosion of spot rates will be of particular concern for Asia-North Europe carriers.
Despite extensive blankings on the route, superseded by the 2M announcement of winter schedules and this week’s suspension of a service loop by THE Alliance, they seem unable to halt the decline in short-term rates.
The WCI Asia-North Europe ...
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