SeaIntel: Low rate levels are new reality

Spot rates between Asia and Europe were last week proclaimed to be at the lowest level ever. But if one takes the BAF surcharge into account, then this is not the whole truth, writes SeaIntel in a new analysis.

Photo: Hanjin

Have prices really hit rock bottom for container carriers transporting cargo from Asia to Europe?

SeaIntel asks this question and takes a look at the spot rate development between Asia and Europe. According to several sources, the price hit the lowest level ever last week, where the lowest offered rate in the spot market fell to under USD 300. But according to SeaIntel this is not quite correct.

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