Skip to content
Container Freight Industry News | Supply Chain Industry News

Weekly Container Freight Rate Update Week 42, 2022 | Reefer Exports Out Of North Europe

Weekly Container Freight Update: North Europe to the Far East, the average spot rate for a 40’ reefer container has fallen by 4.4% since mid-July to USD 5 230. 

Xeneta Container Freight Rate Update

Just as the spot rates for dry containers have been falling over the past few months, so have spot rates for reefers. Though on most trades, the reefer spot rate decline is slower than for standard containers.

Looking at reefer exports out of North Europe, rates on all the main trades have fallen from 3 months ago, but none are lower than they were on 18 October 2021, and only one trade has seen reefer rates drop more than those for dry boxes. From North Europe to the Far East, the average spot rate for a 40’ reefer container has fallen by 4.4% since mid-July to USD 5 230. 

For reefer containers, there is higher demand going east into the Far East, in contrast to for dry containers, where the eastward journey is the backhaul. The freight rate for dry 40' containers has fallen by 10.2% in the three months since mid-July to USD 880 per FEU. The premium for taking a reefer instead of a dry container on this trade has therefore increased to 4 350 per box, compared to USD 3 670 three months ago.

Read more below in Xeneta's weekly container rate update.

Container Rate update week 42

However, exports from North Europe to the US East Coast are an exception, the only major trade where spot rates for reefers have fallen by more than dry boxes. Here the reefer rates are down by 20.6%, compared to an 8.7% fall in rates for a standard FEU. This trade has been plagued with congestion as record-high volumes from the Far East into the US East Coast clog up the ports, limiting the fall in spot rates for standard containers on this trade.

The biggest increase in premium between reefer and dry containers over the past three months out of North Europe has come on the trade to Australia and New Zealand. 

In mid-July, exporting a reefer container from North Europe to Oceania was, on average, USD 2 050 more expensive than a standard container. This has more than doubled to now being USD 5 450 per 40’ more expensive. Sending a reefer container on this trade now costs USD 12 900 per 40’ reefer on the spot market, compared to USD 7 470 per standard FEU. 

While the spot rate for a dry container is now 15.3% lower than it was a year ago, the rate for a reefer container is still 19% higher.

The one major trade out of North Europe where a reefer container is cheaper than a dry one is for exports to the South American East Coast. This is a backhaul trade for reefers, with many more goods being imported than exported, while it's the fronthaul trade for dry containers. 

The spot rate for a reefer container is now USD 200 per container, lower than it was three months ago, with a reefer costing USD 3 300 compared to USD 3 500 for a dry FEU.


The 'Weekly Container Rates Update' blog analysis is derived directly from the Xeneta platform. In some instances, it may diverge from the public rates available on the XSI ®-C (Xeneta Shipping Index by Compass, Both indices are based on the same Xeneta data set and data quality procedures; however, they differ in their aggregation methodologies.

  • Xeneta Platform Methodology here
  • XSI ®-C Methodology here

Want to learn more?

Sign up today for our upcoming monthly State of the Market Webinar to stay on top of the latest market developments and learn how changing market conditions might affect your contract negotiations.

PS: Missed the LIVE session? Sign up to get the full webinar recording.

New call-to-action

Say goodbye to freight rate uncertainty with real-time data

Every second, our platform processes 450M+ data points from the world's largest shipping companies for unmatched, real-time market intelligence.