Price difference between spot rates and contracts runs to USD 20,000

It now costs upwards of USD 20,000 more for a shipper to use the spot market instead of a contractual agreement in the extreme container market, a doubling in four months, according to Sea-Intelligence.

Photo: Mario Tama/AFP/Ritzau Scanpix

It costs USD 20,000 more to ship goods via ocean freight when using the spot market instead of a contractual agreement with a container line.

This is a doubling compared to four months ago when the price difference was USD 10,000, writes analyst firm Sea-Intelligence.

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