PUBLISHER: The Load Star (www.theloadstar.com)
Container spot rates are edging up again across most tradelanes, with a big spike expected in January ahead of the Chinese New Year holiday.
According to today’s Ningbo Containerized Freight Index (NCFI), 15 of its 21 routes recorded modest increases against a continuing backdrop of tight capacity.
And from Asia to North Europe, Drewry’s World Container Index (WCI) was flat, at $13,564 per 40ft, the Freightos Baltic Index (FBX) ticked up 1%, to $14,345, while the new Xeneta (XSI-C) index improved by 3%, to $14,443 per 40ft.
Several carriers are now reported to be offering forwarders and NVOCCs Asia-North Europe rates with a validity of just two weeks and declining to agree any short-term contracts before CNY in February.