Ocean freight rate volatility ‘unprecedented’ – look out for ripples, warning

The spread between rates on the spot market has reached an “unprecedented” level, with wide-ranging implications for container shippers this year.
Analysing rates from Asia to North Europe during a webinar this week, freight rate benchmarking firm Xeneta showed how the average spot price had jumped some 2,000% over the past five years to $8,300.
However, as in previous years the spread between the lowest and highest short-term rate was around $1,000, …

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https://theloadstar.com/ocean-freight-rate-volatility-unprecedented-look-out-for-ripples-warning/

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