Due to the rapid change of events affecting our industry, we will release weekly rate updates on various trades.
As we inch towards Q4, it's vital to dissect ocean freight rate development on the spot and contract market. Today, we focus on reefer freight rate development on North EU - South America East Coast.
YoY short-term freight rates have increased on average 9.5%.
What does that mean for long-term contracted freight rates?
Watch the video below👇 to see what the data tells us.
North EU - South America Reefer Rates | Week of September 24, 2020
Need leverage during internal transportation budget discussions? Learn how real-time market data can help HERE.