Container spot rates calm, but fragile Middle East remains a threat
Container spot rates edged lower on transpacific and Asia-Europe trades as capacity constraints eased and demand stayed seasonally subdued.
The container spot freight rate market showed relative calm this week, with slight declines on the transpacific and Asia-Europe trades. According to Drewry's World Container Index, the Shanghai-Rotterdam rate fell 2% week on week to $3,615 per 40ft.
The Shanghai-Genoa rate was flat at $4,166 per 40ft. The moves were attributed to easing capacity constraints and seasonally subdued demand.
The report also flags a fragile Middle East situation as a threat to the market.
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