A leading container consultancy has warned shippers of the prospect of spot rates surpassing $20,000 per feu on the Asia-Europe tradelane.
Rates have leapt dramatically over the past month across the board to peaks never experienced outside the pandemic era.
“The container market remains very tight with healthy demand, constrained vessel capacity, out-of-position boxes and congestion in Asia leading to a more frantic pace of bookings on the part of shippers and retailers,” an investment bank, noted.