Global Container Freight Index - Spot Rates

How Far Will Spot Rates Fall

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…and when should shippers consider contract rates? Spot Rates have fallen off the cliff! This time last year, the average cost per forty-foot container (FEU) moving Eastbound from China to Long Beach California cost more than $15,000 and there were additional fees to secure space on the vessel from competition. The capacity climate this time last year was extremely tight and combining that …