Spot vs contract gap widens as air shippers get wise to capacity limits
Ecommerce shippers reserving freighter capacity have widened the gap between global contract and spot rates, ...
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By Mike Wackett
Declining long-term contract rates on major tradelanes may be a concern for ocean carriers, but the bullish short-term market is proving the “silver lining” that could shift their focus towards the spot market.
Indeed, some carriers The Loadstar spoke to recently suggested the future of large-scale annual volume contracts may be limited to a ‘new normal’ of rolling three-month deals, renegotiated in the light of increasingly volatile market changes.
Oslo-based Xeneta’s XSI contract rate index fell a further 1.8% in June, after a 1.2% ...
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