Spot Rates under Pressure as Carriers Prioritise High-Paying Cargo

Spot container rates continue to face downward pressure across major trade routes. In response, carriers are adjusting strategies by limiting allocations under short-term contracts and prioritising more profitable spot shipments.

Forwarders have begun receiving notices of reduced space on certain sailings, reflecting carriers’ focus on maximising yield amidst softening demand. Industry insiders suggest that to bridge the gap between long-term and spot rates, some carriers are planning surcharges or selective contract revisions.

Despite the upcoming peak season, demand on the transpacific route remains subdued. Logistics providers anticipate only marginal growth, while Asia-Europe trade is expected to be more stable and potentially see moderate gains.

Carriers are preparing to implement general rate increases, though capacity adjustments continue in line with demand fluctuations. Meanwhile, the market outlook points to a cautious peak season, especially for US-bound cargo.