News / Forwarders 'fear the worst' and 'don't have a clue' on shipping rates next year

Tanjung Priok Port © Paulus Rusyanto Dreamstime.com

Container spot rates are edging up again across most tradelanes, with a big spike expected in January ahead of the Chinese New Year holiday.

According to today’s Ningbo Containerized Freight Index (NCFI), 15 of its 21 routes recorded modest increases against a continuing backdrop of tight capacity.

And from Asia to North Europe, Drewry’s World Container Index (WCI) was flat, at $13,564 per 40ft, the Freightos Baltic Index (FBX) ticked up 1%, to $14,345, while the new Xeneta (XSI-C) index improved by ...