Not much has changed at China Ports
The traditional post-new year (CNY) lull has helped ease China's port congestion, but cargo backlogs and container shortages are still propping up rates. The Loadstar reported the post-CYN lull has lead to slight softening of spot rates, with prices to Europe down by 4%, to 14,258 per 40ft, and the transpacific by just 1%, to $10,437 per 40ft.