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Rise of the container spot market

Liners holding the whip hand are pushing clients towards longer contracts.

Container freight market momentum appeared to be tailing off as the year drew to a close. But some recent developments suggest that 2022 will offer little respite to shippers.

The Freightos Baltic global container freight index bottomed out at $9,202 on November 19, some 17% lower than the September peak. It has subsequently recovered by a thin 4% to $9,550 on December 10.

The headhaul China / East Asia to the North American West Coast peak season has passed now as bookings for pre-Christ...

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