Container spot rates from Asia may have eased slightly from their record highs, post-Chinese new year, but rates for backhaul and secondary trades continue to head north.
According to today’s Freightos Baltic Index (FBX), the spot rate for North Europe is $7,684 per 40ft, down from more than $8,000 at the beginning of the month.
However, the FBX reading for Mediterranean ports, of $7,990 per 40ft, has held steady, while the spot rate from Asia to the US west coast gave up its gain of the previous week, with a 6% decline to $4,292 per 40ft.
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