Container Rates Edge Lower Ahead of Golden Week as Suez Traffic Returns

Container Rates Edge Lower Ahead of Golden Week as Suez Traffic Returns

The Drewry World Container Index edged lower this week as falling Asia-Europe rates outweighed firmer pricing on the Transpacific, with carriers preparing another round of blank sailings ahead of China’s...

Shippers face rate hikes and 'a classic supply-demand mismatch' in Q4

With the last sailings before China’s Golden Week begins on 1 October, container spot rates on the transpacific trades finally began to tail off. Spot rates from Asia to the US west and east coasts have been consistently rising since the end of August in a late peak season pricing rally – last week they breached $10,000 per 40ft to the east coast on Drewry’s World Container Index (WCI). However, this week ...