Carriers put on a brave face amid further decline in ocean spot rates
Container spot freight rates on the main east-west trades saw another week of declines, although, ...
© Woraphon Banchobdi
The recent upsurge in spot rates is beginning to affect long-term contracts and, over the past few months, something of a two-tier market appears to have developed, according to Xeneta’s shipping analyst, Emily Stausboll.
She noted yesterday that the spot rate climb, propelled by the Red Sea crisis effect on capacity and what appears to be an early peak season, had led carriers to treat forwarder clients very differently from the major BCOs with which they contract directly.
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