Transatlantic trade lane experiences significant fall in rates, still higher than pre-pandemic levels

The transatlantic trade lane experienced its most significant fall in rates this month since May of last year. However, unlike on fronthaul trades out of the Far East, rates from North Europe to the US East Coast are still considerably higher than their pre-pandemic levels, according to Norway-based transport data firm Xeneta. As of April 24th, spot rates had fallen to $3,090 per FEU, with long-term contracts now at $4,750 per FEU.