First decline in long-contract container rates since January
The falling spot rates in the container market have made more shippers seek out renegotiations of rates on their long contracts with box carriers. Numbers from Xeneta show that contract rates in September have dived by 1.1 percent.
by DAG HOLMSTAD
For the first time since January, container rates on the long contracts that shippers are signing with box carriers have declined for only the third time in the past 21 months, reveal new figures by Xeneta.
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