Xeneta: Freight rates set to climb in early October

AI Summary

Xeneta's chief analyst Peter Sand forecasts freight rates from the Far East to US coasts may peak soon in early October. The trend follows a period of high spot rates, signaling potential stabilization or decline in container shipping costs.

Peter Sand, Xeneta Chief Analyst: “For the high-flying spot rates from Far East to US East and West Coasts, we may just begin to see the end of that rising trend as we get into the first half of October. When comparing today’s spot rates to the level experienced on 1 July – shippers are ...