News / More blanked voyages expected as carrier efforts to drive up rates falter

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Container spot rates were largely unchanged for a third consecutive week, as it became evident that a 15 November rate hike on Asia-Europe trades had failed to have anything more than a marginal impact on pricing.

Drewry’s World Container Index (WCI) global composite rate declined 1%, although its Shanghai-Rotterdam leg edged up 1% and ended the week on $4,071 per 40ft, while the Shanghai-Genoa route was up 3% week on week, to $4,520 per 40ft.

Although these rates are some 255% and ...