Another week, another record for container shipping spot rates. And alarmingly for shippers, upward rate momentum is accelerating.
Different indexes come up with different numbers, and the premium charges on top of spot rates are now so high that index rates no longer capture the true cost of ocean shipping. However, when various indices all move in the same direction, it does reflect changes in the supply-demand balance.
That balance is tipping more to the detriment of cargo shippers with each...
https://www.freightwaves.com/news/container-rates-rocket-even-higher-and-theres-no-end-in-sight