date:Dec 08, 2020
most 200 percent year over year. China-Mediterranean rates increased 7.4 percent to $2,384 per TEU, a 210 percent increase compared with the same week last year.
To place this in context, the average SCFI rate from China to North Europe in 2019 was $764 per TEU, and from January through November 2020, the average spot price was $979 per TEU.
The carriers are not honoring contracts, so almost everything we are shipping is not under contract rates and is on the spot market, Rana Harvey, managi