News / Spot rates ex-Asia still falling, despite USEC congestion, with more blanks

ID 222129742 © Evgeniy Parilov | Dreamstime.com

Container spot freight rates on the main trades out of Asia continued to fall this week, as the resumption of operations at US east and Gulf coast ports eased industry congestion fears.

Nonetheless, the three-day stoppage by ILA members ensnared up to 70 vessels in the region, leaving an inevitable backlog that will take time to clear – estimates vary from “a matter of days” to “two or three weeks”, although it seems pretty clear that it is unlikely to have ...