Spot rates stay high in Golden Week, but there are bargains to be had

Credit: Sheila Fitzgerald Dreamstime.com

China’s Golden Week holiday this month saw container spot rates from Asia to the US ease back, while short-term rates to Europe ticked up a few percentage points.

The Freightos Baltic Index (FBX) Asia to US components recorded a 7% decline for both US west coast and east coast ports, to $16,749 and $19,429 per 40ft respectively.

Meanwhile, Drewry’s World Container Index (WCI), which does not include premium fees, shed 8% for the west coast, to $11,173 per 40ft, while for the ...