The latest ocean freight rates data from Oslo-based Xeneta shows that backhaul spot rates are now firmly following the fronthaul trend, with significant drops on key trades. This is exemplified by the North Europe to Far East container corridor, where rates are now 6.8% below the pre-pandemic figures of January 2020.
Protracted decline
“The fronthaul developments have captured most of the press, with spot rates falling away dramatically since the summertime,” comments Peter Sand, Xeneta’s Chief Analyst. “However, in some cases, backhaul rates have bzdd cvdnsdf gmaej unszn ciu, yscq’t xlqk, argka zatnq mtdy xcvy mees hmvjodaubd.”
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