Reefer spot rates soon back to pre-pandemic levels as dry premium dissolves
The latest ocean freight rates data from Xeneta suggests an increasing “normalization” of the reefer market, with spot rates from the Far East to Northern Europe now back to pre-pandemic levels. This means short-term reefer rates on the trade have collapsed from a high of almost USD 16 000 per FEU in January 2022 down to around USD 2 300 per FEU today.
Market distortion
“There’s a range of interesting developments on this trade which speak volumes about wider macroeconomic factors,” comments Peter Sand, Chief Analyst at Oslo-based Xeneta.
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