Container freight rates are projected to rebound after easing in recent weeks, and analysts are expecting they will remain high.

Spot freight rates from Asia to Northern Europe dropped to their lowest levels in 10 months, hitting $10,835 (€10,280) per 40-foot equivalent unit (feu) container at the end of April.

Shipping Terms Glossary
  • Reefer: Refrigerated container
  • teu: 20-foot equivalent unit used to measure container sizes
  • feu: 40-foot equivalent unit used to measure container sizes
  • Blank sailing: This could mean a vessel is skipping one port, or that the entire string is canceled.