News / Spot rates set to spike as strikes and congestion hit N Europe

© Balipadma

Despite a softening in demand, container spot rates from Asia to North Europe could be set to spike in the coming weeks, as North European hub ports suffer chronic yard congestion as well as threats of industrial action by dockers.

According to the Ningbo Containerized Freight Index (NCFI) commentary, freight rates from Asia to Europe reflected “stable supply and demand fundamentals in the market” and were therefore virtually unchanged on the week.

Readings for North Europe from the FBX, WCI and XSI ...