Carriers could correct charter market boom
A charter market correction could be looming amid the deterioration in spot rates. Citing the ...
© Stephen Coburn
Ecommerce shippers reserving freighter capacity have widened the gap between global contract and spot rates, leaving transatlantic players more likely to find themselves stuck with the latter.
Product development director at WorldACD Rogier Blocq told delegates at this week’s World Cargo Summit in Bruges: “If we look at how rates developed in 2024 worldwide, the spot rate was more volatile than contract rates, and towards the end of the year there was a higher spread.
“It always causes a bit of ...
Comment on this article
Alex Evan
January 31, 2025 at 4:29 amInsightful analysis! The widening gap between contract and spot rates highlights the strategic shift toward long-term commitments, especially among e-commerce giants. It’s fascinating to see how capacity planning and market maturity are reshaping global freight dynamics.