News / Spot rates ease, but 'no reason' to expect quick return to pre-pandemic levels

Source ONE

There was a further slight softening of container spot rates from Asia to the US and Europe this week, but carriers appear to have held their nerve and avoided any significant discounting after China’s Golden Week holiday.

The Freightos Baltic Exchange (FBX) US west coast component declined by 2%, to $17,069 per 40ft, while the east coast reading edged down by 1%, to $20,501 per 40ft.

Meanwhile, Drewry’s World Container Index (WCI), which does not include premium fees, was unchanged for the ...