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.
by DAG HOLMSTAD
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.
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