According to Xeneta’s crowd-sourced data, average long-term contract freight rates between Asia and North Europe are trending around 6% higher than a year ago.
Conversely the short-term market is some 7% lower.
The Oslo-headquartered freight rate benchmarking firm’s shipper- and forwarder-provided data for the tradelane recorded an average long-term rate agreement of $1,698 per 40ft with a high of $2,170 and a low of $1,415.
For short-term contracts, Xeneta recorded an average rate …
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Source: The Loadstar