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Xeneta GmbH Schauenburgerstr. 10 20253 Hamburg, Germany http://www.xeneta.com/
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Xeneta GmbH

Xeneta real-time container rates update: week 32

(PresseBox) (Hamburg, )
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Short- and long-term rates converge on Far East to US routes, offering opportunity for carriers and shippers alike



Declining spot rates on the Far East to US West Coast and East Coast ocean freight trades have converged with historically strong long-term rates, presenting business opportunities for both carriers and shippers.

According to the latest market intelligence from Oslo-based Xeneta, spot rates to the East Coast have now fallen by more than USD 3 400 per FEU (-26.9%) this year, while those from the Far East to West Coast have slumped by USD 3 200 (-33.1%). Long-term rates, on the
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