CONTAINERS QUARTERLY: European spot rates plummet after early peak season surge

Bearish sentiment dominated the European container markets in the third quarter, as front-haul spot rates plummeted following an early peak season rush as a result of continued diversions away from the Red Sea. The premature commencement of the peak season in Asia-Europe movements meant market participants stopped looking to secure cargoes earlier than usual. Longer transit times due to Red…Bearish sentiment dominated the European container markets in the third quarter, as front-haul spot rates plummeted following an early peak season rush as a result of continued diversions away from the Red Sea. The premature commencement of the peak season in Asia-Europe movements meant market participants stopped looking to secure cargoes earlier than usual. Longer transit times due to Red…Read More