{"id":6034,"date":"2022-11-30T14:11:55","date_gmt":"2022-11-30T14:11:55","guid":{"rendered":"https:\/\/axxessintl.com\/?p=6034"},"modified":"2022-11-30T14:11:55","modified_gmt":"2022-11-30T14:11:55","slug":"plunging-spot-rates-drag-down-container-shipping-contract-rates","status":"publish","type":"post","link":"https:\/\/axxessintl.com\/en\/plunging-spot-rates-drag-down-container-shipping-contract-rates\/","title":{"rendered":"Plunging Spot Rates Drag Down Container Shipping Contract Rates"},"content":{"rendered":"<p>Shipping lines are still posting billion-dollar quarters despite a precipitous plunge in spot rates, courtesy of high-priced annual contracts signed by cargo shippers at the peak of the boom.<!--more--><\/p>\n<p>But the reprieve is only temporary. Record rates on existing annual deals are being renegotiated lower mid-contract. Many shippers are not delivering previously agreed-upon contract volumes. And the next round of annual contract negotiations is looming, promising a big step down in rates and volumes for 2023.<\/p>\n<p>To get the latest on the deteriorating ocean freight market, read an interview with Patrik Berglund, CEO of Xeneta, a Norway-based company that tracks both short- and long-term container shipping rates.<\/p>\n<p>Read more in an <a href=\"https:\/\/ciffa.apms5.com\/anywhere\/m?s=ciffa&amp;m=s_8e46bc50-870e-4c81-a76f-072ebb706261&amp;u=e1jq4wvfdtfm8dhg6n1k4hj45n2mad255mu36ha25n13ada35mt3jc1m6rtm8cj370uk8&amp;r2=d1u78w3k78qjyxvqewq6cwk5d5kpgx3qc5v6awtecdqpubvecnvq6bvgdhupwtv9dtkjuwvgdxu2uwk1ehjq6bb4e9gpebb4dxvpwbb3dxq78rb9dtjq4bbkd1mq0w39dtkjurvfdtu74rb3egpq4rbmcntkyxbmdnfp6rbde1gpjtve7njm4xbcdhjq8ubebwt34c9h68u2cxbmdnfputb4d5upufb5dngpjv16enu6uqvkdxuq4rv57ngqax3fe1mprvvm&amp;n=4\">article from FreightWaves<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shipping lines are still posting billion-dollar quarters despite a precipitous plunge in spot rates, courtesy of high-priced annual contracts signed by cargo shippers at the peak of the boom.<\/p>\n","protected":false},"author":5,"featured_media":3119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[587],"types-de-nouvelles":[],"class_list":["post-6034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-freight-news","tag-plunge-in-spot-rates"],"_links":{"self":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/6034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/comments?post=6034"}],"version-history":[{"count":1,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/6034\/revisions"}],"predecessor-version":[{"id":6035,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/6034\/revisions\/6035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media\/3119"}],"wp:attachment":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media?parent=6034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/categories?post=6034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/tags?post=6034"},{"taxonomy":"types-de-nouvelles","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types-de-nouvelles?post=6034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}