Forwarders ‘fear the worst’ and ‘don’t have a clue’ on shipping rates next year

Container spot rates are edging up again across most tradelanes, with a big spike expected in January ahead of the Chinese New Year holiday.
According to today’s Ningbo Containerized Freight Index (NCFI), 15 of its 21 routes recorded modest increases against a continuing backdrop of tight capacity.
And from Asia to North Europe, Drewry’s World Container Index (WCI) was flat, at $13,564 per 40ft, the Freightos Baltic Index (FBX) ticked up 1%, …

The post Forwarders ‘fear the worst’ and ‘don’t have a clue’ on shipping rates next year appeared first on The Loadstar.

Source: The Loadstar

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