China-US trade tariff pause could drive a rebound for transpacific rates
After the US and Chinese governments agreed to slash reciprocal tariffs, shipping lines are expecting ...
© Khunaspix Dreamstime.
By Mike Wackett
Container spot rates from Asia to Europe continued their downward trend this week from their September all-time highs, while transpacific base rates also lost significant ground.
Today’s Ningbo Containerized Freight Index (NCFI) commentary reports that the market from Asia to North Europe and the Mediterranean is “sluggish”.
“Some carriers have increased their efforts to solicit cargo, which led to a slight drop in spot freight rates,” it said.
Drewry’s World Container Index’s (WCI’s) North Europe component slid a further 2%, to $13,798 per ...
Comment on this article