Spot rates bottoming out, but contract rates to rise in tandem with costs
While spot container freight rates appear to have peaked, contract rates are expected to go up to reflect the increased costs of sailing round the Cape of Good Hope, according to Vespucci Maritime's CEO Lars Jensen in the Baltic Exchange's latest report.
On 2 February, the Shanghai Containerised Freight Index (SCFI) showed that for the third consecutive week, there were rate
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