Xeneta: A narrower spread on China to Europe trade lane indicates amble deployed capacity
Spot freight rates from China to Europe suffered their biggest day-on-day drop since they started their upwards journey in 2020 as February turned to March. On 1 March, the average spot freight rate fell by almost USD 500 per FEU, landing at USD 13 340 per FEU. This marks the first time since September 2021 …
