Container spot rates from China to North Europe are in freefall with average rates dipping below $1,000 per 40ft this week having lost almost half of their value since the start of the month.
Today’s reading of the Freightos Baltic Exchange (FBX) Asia-North Europe component saw its spot rate fall to $997 per 40ft, which compares with the FBX spot rate average of $1,743 per 40ft on 1 September.
Moreover, unsolicited offers …
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