Trump-Houthis deal – expect further 'rate declines...after port congestion'
Ocean: supply-demand balance getting ‘structurally looser’?
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By Mike Wackett
Container spot rates from Asia to Europe and Asia to the US eased back further this week from their record highs.
Nevertheless they are expected to stay at very elevated levels for some time.
According to today’s reading of the Freightos Baltic Index (FBX), the rate for a 40ft from Asia to North Europe declined 3.3% on the week, to $8,037, but for Mediterranean ports, the rate was off by just $37, to $7,925 per 40ft.
Moreover, many shippers are still being obliged ...
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