Transpac container service closures mount
As spot freight rates on the transpacific trade continue to weaken, the number of service ...
After last week’s hiatus, container spot freight rates on the Asia-Europe trades resumed their downward trajectory this week, with prices to both North Europe and Mediterranean ports falling.
The World Container Index (WCI) produced by Drewry, which quotes prices paid over the week, showed rates on the Shanghai-Rotterdam leg down by 5% week on week, to $2,512 per 40ft, as the effects of carriers’ 1 March FAK hikes wore off.
Spot rates on the leg are now some 28% below the same ...
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