News / Rate erosion may be easing, but rock-bottom prices are 'not good for anybody'

Photo: ONE

The ’jury is out’ on whether container spot rates have bottomed-out, but on the key transpacific and Asia to Europe tradelanes, the indices are clearly showing that the rate erosion from the stellar highs of a year ago is beginning to ease.

The average spot rate from Asia to North Europe seems to be settling at around $1,450 to $1,550 per feu, with for example Xeneta’s XSI component ticking down just 1% on the week, to $1,478 per 40ft.

And for Mediterranean ...