While spot rates for ‘dry standard’ FEUs are declining on the world’s key global trading corridors, the rates for equivalent reefers are bucking the trend on the North Europe to Far East route.

According to the latest market intelligence from Xeneta, which crowd sources real-time ocean freight rate data from leading shippers, the average 40’ HC reefer spot rate stood at a mighty USD 5 230 for the trade on 23 August, compared to dry standard FEUs at USD 980. At this point two years ago, September 2020, the reefer spot rate was USD 4 000.