Spot rates into US East Coast close in on Covid-19 peak while reliability deteriorates The Xeneta Weekly Ocean Container Shipping Market Update provides data and intelligence including the latest freight rate and capacity movements across global trades with supporting insight from Peter Sand, Xeneta Chief Analyst. Peter Sand, Xeneta Chief Analyst: Spot rates into US East Coast close in on Covid-19 peak while reliability deteriorates “Average spot rates from the Far East to the US East Coast continue their ascent following the outbreak of conflict in the Middle East in February, climbing a further 25% since early July. “Spot rates are now just 14% shy of the Covid-19 peak on 1 January 2022. It is unlikely we see the market exceed that record-breaking level, but it cannot be ruled out and the fact it is even a topic for discussion shows how extraordinary the situation is. “Average spot rates into the US East Coast have already sailed past the Red Sea crisis peak by around USD 1 000 per FEU. (....)
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Stichwörter: Xeneta AS, Far East to US East Coast, Covid‑19 peak comparison, Middle East conflict impact, Red Sea crisis peak, schedule reliability, typhoon season Asia, global on‑time performance, Transatlantic spot rates, Transpacific spot rates, Mediterranean spot rates, Peter Sand Xeneta Chief Analyst
