Despite months of softening on the backhaul North Europe to Far East trade, with rates on the spot market closing in on USD 1 000 per FEU for normal-dry containers, spot rates for reefer containers on this trade have been stable since early 2021, averaging USD 5 300 per 40’ reefer on 11 April.
The long-term market, on the other hand, has shown its first signs of easing this year, dropping between Q1 and Q2, though only by USD 200 per reefer, still leaving the average long-term contract...