Analyst firm: Decline in spot rates to a significant extent seasonally determined

Recent months’ decline in spot rates on major routes from Asia toward Europe and the US is primarily determined by seasons, according to Sea-Intelligence. Only one route from Asia toward US appears weak.

Photo: Stringer/VIA REUTERS / X80002

Since the Chinese New Year, which took place in the calendar year’s fifth week, spot rates on the container market have dived on a weekly basis, but the price declines are in the case of most major routes – from Asia toward Europe and the US – determined by seasons, writes Sea-Intelligence.

There is one exception, however.

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