Spot rates appear to have stabilised at least momentarily

Capt. John

SPOT ocean container rates actually fell recently, representing their first decline seen since they began to soar in early May, reports Phoenix’s Case Goods and Global Sourcing. Spot rates fell two per cent this week to an average of US$5,806 per FEU, according to container rate tracker Drewry. That’s still a price 268 per cent higher than the same week last year and 309 per cent higher than the pre-pandemic 2019 average of $1,420. This week, rates from Shanghai to Los Angeles dropped five per...

https://www.seanews.com.tr/spot-rates-appear-to-have-stabilised-at-least-momentarily/200890/

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