News / Spot rates underpinned by congestion while demand falls

15/07/2022

Strikes at German ports and congestion at other North European container hubs is preventing a slump in spot rates as consumer demand from Asia crumbles.

Rates for North Europe and the Mediterranean are holding steady at about $10,000 and $12,000 per 40 ft respectivel, according to the latest readings from the WCI, FBX and XSI spot rate indices.

This is despite anecdotal reports to The Loadstar that several ships sailed from Asia to North Europe this week with load factors “below 90%”.

Notwithstanding ...