New price hikes may slow ocean spot rate slide – but for how long?
Container spot freight rate indices showed some divergence this week, indicating that recent falls in ...
© Mr.siwabud Veerapaisarn
By Mike Wackett
A parallel freight market is emerging for exports from China that undercuts the lowest container spot rates.
Asia-North Europe ocean carriers are proactively quoting small- and medium-volume shippers ‘special’ FAK rates below $1,000 per 40ft from China to the UK, as they scramble to fill their ships in the dismal market that has followed the Chinese New Year holiday.
Indeed, The Loadstar has sighted an e-mailed quote this week from a major carrier for $998 per 40ft from a range of Chinese ...
Comment on this article
Marc Greenberg
February 03, 2023 at 2:34 pmCarriers continue to wreak havoc on markets……as always!
PETER ROOKE
February 03, 2023 at 3:08 pm$998 is a certain carriers rate, but then subject to fuel additional so actually $1400. check your sources