News / Reading the post-CNY container market can be a risky business

Any significant fall in container spot rates from Asia seems increasingly unlikely this side of February’s Chinese New Year, but thereafter the jury is out on the direction of the spot market.

And this adds an element of risk for shippers signing up to new and expensive long-term contracts.

However, the fear of paying too much for new contracts has to be balanced against the danger that another tight spot market next year will leave shippers unable to move product.

But there is ...