Carriers ‘Cherry-Picking’ as Rates Continue to Head North

Home Community Industry News Carriers ‘Cherry-Picking’ as Rates Continue to Head North

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    Greensea Systems
    Keymaster

    By Mike Wackett (The Loadstar) –

    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.

    Read more by visiting gCaptain.

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