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What goes up must go down

The container rate roller coaster is continuing to decline unabated. The spot rate index on the Shanghai to Rotterdam route went down by 23% or USD 351 and averaged out at USD 1,182/feu last week (week 34). There is little hope for container lines to see much improvement as such, as peak season volumes remain low and overcapacity high.

 

World container index analysts expect the spot rates to continue declining over the next days, but the experts admit that there is likely to be a large increase next week with implementation of the GRI on 1 September.

Source: worldcontainerindex.com