Global spot rates soar on Major Asia-Europe and Asia-US trades

A combination of factors have combined to send global spot rates reaching for the skies on
the major trades out of Asia to Europe and the US according to Drewry Shipping Consultants’ latest WCI index.

The composite index increased 16% over the past week to US$4,072/feu, a massive 142%
higher than in the same week last year.

Drewry analyst Simon Heaney told Container News that there were a number of factors that have combined to drive up freight rates since the beginning of this month, though the...

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