Container Spot Rates Explode as Peak Season Arrives Early
7 Articles
7 Articles
Air or Ocean Freight from China: How Importers Should Decide During a Rate Spike
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Container spot rates explode as peak season arrives early
Container shipping spot rates are surging at a pace not seen for years as an early peak season combines with Red Sea disruptions, front-loaded cargo demand and aggressive carrier pricing power. The Shanghai Containerized Freight Index (SCFI) today jumped 155 points to 2,726.48, its highest level in the last couple of years, marking the fifth …
Freight rate boomerang? 'I absolutely despise the carriers and their behaviour'
The sudden turn in spot freight rates and contract rate-related costs on the transpacific and Asia-Europe trades over the past fortnight has caught almost every stakeholder by surprise. Yes, ocean carriers had been aggressively pushing for spot rate increases since the closure of Hormuz, but after a brief shock-induced spike in the first fortnight, the rates plateaued and soon declined again due to the market fundamentals (weak demand vs healthy…
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