Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
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The contagion of skyrocketing container freight rates has now spread from the Asia-Europe tradelane, to the transpacific, and is also about to hit transatlantic shippers.
Spot rates from North Europe to the US east coast have been sub-economic for ocean carriers for some time, with for instance Xeneta’s XSI reading this week languishing at an average of just $1,464 per 40ft, compared with an average of $6,412 in the same week of last year.
And this ...
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