Average spot freight rates from the Far East to major markets in Europe and the US rose significantly in October, defying a recent trend of steady decline, maritime intelligence platform Xeneta reports.
This sudden increase may alarm shippers preparing to tender for new contracts, but industry experts advise maintaining calm and relying on data to gain a more balanced perspective.
From the Far East to the US West Coast, average spot rates increased by 38 to 2 138 per 40ft container FEU, while rates to the US East Coast rose 23 to 3 038 per FEU.