News / Spot market rate volatility at its worst in 2015 – and carriers must take most of the blame

The spot market which had the highest degree of price volatility in 2015 was the Asia-US east coast container shipping trade , according to new research by Drewry Maritime Advisors.

The World Container Index (WCI), jointly run by Drewry and Cleartrade Exchange, saw spot rates on the eastbound headhaul leg between Shanghai and New York oscillate between a high of $2,500 per teu at the height of the west coast port congestion, and US shippers were in desperate need of alternative routings to a ...