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Spot ocean container rates appear to have stabilized, at least for now…

Spot ocean container rates actually fell this week, representing their first decline seen since they began to soar in early May.

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As spot ocean container rates fall, 2024 contract rates could be much lower

According to container price tracker Drewry, spot rates fell 6% this week to an average of $1,384 per 40-foot container.

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Spot container rates fall to three-year low point, are now soundly below what they were pre-pandemic

Spot container rates have fallen around 25% over the past two months.

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