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.
Xeneta analyst insight – Far East to Europe spot rates rise despite Red Sea return as demand overrides supply
Peter Sand, Xeneta Chief Analyst:
“Despite the continuing return of container shipping services to the Red Sea freeing up capacity in the fleet, spot rates from the Far East to North Europe and Mediterranean are up 6.8% and 5.8% respectively from a week ago. This follows steady decline since July before spot rates reached an invisible floor last week and are now starting an upward trend. (....)