News / Rates hold steady despite softer demand, with carriers firm on contract prices

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Container spot rates from Asia to Europe remained virtually unchanged this week, despite softer demand, assisting carriers to lock-in shippers with huge contract rate hikes.

On the transpacific, there was no let up in demand and BCOs are struggling to secure new deals with carriers.

According to the Asia to North Europe component of the Freightos Baltic Index (FBX), the rate for a 40ft edged down slightly, to $7,947, from $8,004 a week ago.

To put this in context, the FBX reading for ...