ShippingWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk unveils design of methanol vessels

For five years, Maersk has been working on developing a new vessel design, which can increase the energy efficiency of its fleet by 20 percent. The first eight vessels are planned to sail on green methanol from 2024.

Further reading

Related articles

Latest news

See all jobs