China’s Golden Week holiday this month saw container spot rates from Asia to the US ease back, while short-term rates to Europe ticked up a few percentage points.
The Freightos Baltic Index (FBX) Asia to US components recorded a 7% decline for both US west coast and east coast ports, to $16,749 and $19,429 per 40ft respectively.
Meanwhile, Drewry’s World Container Index (WCI), which does not include premium fees, shed 8% for …

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Source: The Loadstar