Container shipping companies around the world are in the midst of raising their rates for transporting products. The interesting thing about this is that the price increases come at the same time that the Spot Rate. This is the result of increasing prices and sagging demand for container ships. What is the Spot Rate? The spot rate helps brokers determine the supply and demand of shipping containers around the world. In the first half of October 2014, the spot rate decreased on shipments between Asia and Northern Europe . The challenge starts with the shipping container companies looking to raise rates as demand decreases. After years of over-building mega container ships, spot rates declined due to overcapacity from the big shipping companies.
Posted on: Tue, 27 Jan 2015 00:00:23 +0000
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