Lines banging on our door' as spot rates tumble and peak season disappoints

Container spot rates from Asia to Europe and the US are coming under increased pressure, as the peak season appears “muted” at best.

Freight rates from China fell this week on 19 of the 21 routes covered by the Ningbo Containerized Freight Index (NCFI), with its China-Europe and China-US components in particular dragged down by “insufficient volume”.

The NCFI commentary said “most carriers” had been obliged to discount as spot rates “continue to decline”.

Spot rates for North Europe fell to $9,092 per [...]

SOURCE: TheLoadStar by Mike Wackett

July 22 2022

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