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2023
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Fare hard landing! The European route has dropped to $1000 per box, and most routes have not shown any signs of bottoming out yet
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【Summary】Recently, spot freight rates on the European route have significantly decreased.
Recently, spot freight rates on the European route have significantly decreased. According to a report from the Ningbo Shipping Exchange, the average value of the European route freight index in November decreased by 46.3% compared to October, and a year-on-year decrease of 84.2%. The World Container Index (WCI) Asia Nordic segment fell another 10% last week, to $1965/FEU, and has fallen by half in the past four weeks.
The steep drop in freight rates indicates that competition in the market is even more intense than many people are concerned about, "said Patrick Berglund, CEO of the rate tracking platform, recently.
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