Container rates reach eight-year high – but challenges loom ahead

Container freight spot rates reached the highest level since 2012 last week, and the trend looks set to continue throughout the month. But the upturn has an expiration date, notes industry association Bimco.

Photo: PR / CMA CGM

Container rates hit the highest level in eight years last week, and everything seems to indicate that the trend will continue for the remainder of the month, says Bimco.

The upturn indicates that the many vessels that have resumed operations in recent weeks have not impacted rates on the important routes between China, Europe and the US.

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