<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=248564&amp;fmt=gif">
GET DEMO Tour Product
See Xeneta in action
Learn more about the platform in your own way.
demo-demo
Customized Demonstration

Schedule a personalized demo of the Xeneta platform tailored to match your container shipping and air cargo procurement strategy.
Schedule Now
demo-network
Live Group Product Tour

Shed light on the volatile container shipping and air cargo market with real-time, neutral freight rate data. Join our weekly LIVE 15-minute group demo to see for yourself.
Sign up Here
here. 

" >
here. 

" data-form-redirect="https://www.xeneta.com/xeneta-live-group-demo-thank-you-" >
1 min read  | Shipping rates

RATE ALERT: Xeneta Says December Spot Rates China – Europe +50%

Erik Devetak  | November 27, 2020

Heads up shippers. There is no rest. Xeneta reports December 2020 China-Europe spot rates coming into the platform indicate levels of approximately USD 2100 per TEU and above (up 50%+ from end of November).

The sky-high prices combined with full ships, record demand and lack of equipment have been a common problem on the trans-Pacific eastbound for the past few months. The same issues are now observed also on the China to Europe trade. With no material change on the supply and demand components, we expect these prices to be sticky for the remainder of the year/peak season and possibly well into the new year.

What happens after Chinese New Year is now anybody's bet. We are also monitoring the contracted rates and whether the current disruption will result in higher prices also for longer term commitments. Currently, it seems that both shippers and carriers are reluctant to sign major volumes with long-term commitments due to the market uncertainty and prefer to kick the can down the road.

[CLICK to ENLARGE]

Xeneta China-Europe Dec 2020

What's in store for ocean freights in 2021? Join our Webinar. 

Xeneta Live Product Demo

 

Get in front of the line

Sign up and be the first to know every time we release new content.