Spot rates stay high in Golden Week, but there are bargains to be had

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 …

The post Spot rates stay high in Golden Week, but there are bargains to be had appeared first on The Loadstar.

Source: The Loadstar

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