Asia-Europe ocean spot split nears record level

The pricing gap between Asia-North Europe and Asia-Mediterranean container services has widened to near-record levels, as disruption linked to the Strait of Hormuz continues to distort freight markets. According to analysis by Sea-Intelligence of Drewry’s World Container Index (WCI) spot rate data since 2012, the arbitrage spread was “rapidly approaching a situation we have not seen be Read full article →