Asia-Europe spot rates slide to $4,300-$4,900/FEU despite Red Sea risks

Summary

Xeneta and Linerlytica data show North Europe spot rates at $4,300-$4,900 per FEU with a downward trend, and Mediterranean around $5,800 per FEU, dashing hopes of a mid-August rate hike. Softer demand is offsetting Red Sea surcharges as Asian backlogs clear.