Carriers

Spot rates on certain routes reach highest level in over a year

The increases can be attributed to both the extensive rerouting around the Cape of Good Hope and rising Chinese exports, says research firm Alphaliner.
Chinese exports increased for the first time in six months in November. This too can have an impact on spot rates, writes Alphaliner. | Photo: Axel Heimken
Chinese exports increased for the first time in six months in November. This too can have an impact on spot rates, writes Alphaliner. | Photo: Axel Heimken
by LIV ALMER

The many attacks on merchant ships sailing through the Gulf of Aden and the Red Sea have begun to take their toll on shipping lines’ rates.

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