Soaring fuel prices may lead to significant decline in container rates

Strong increase in fuel prices may result in weaker spot rates on the container market than what appears to be the case, assesses Sea-Intelligence.

Photo: Markus Scholz/AP/Ritzau Scanpix

The steep increase in fuel prices cannot avoid having an impact on the price on container freight. But there are signs that spot rates are more negatively affected by fuel prices than initially assumed.

Spot rates have declined in recent weeks, and according to analyst firm Sea-Intelligence, this can no longer be explained by seasonal developments only.

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