Ocean spots and demand hold steady, but waves may be building

Container freight spot rates on the transpacific and Asia-Europe trades showed moderate gains this week, in the absence of carrier-led price hikes, while demand remained firm. This week’s World Container Index (WCI) from Drewry saw its Shanghai-Rotterdam leg gain 5% on the previous week, to end a shade under the $5,000 mark, at $4,933 per 40ft, while the Shanghai-Genoa route was up 2%, to $6,463 p Read full article →