Contract rates following spot rates

Transportation

Tuesday, May 29, 2012

Spot rates have an indelible impact on contracts rates on the trades from Asia to Europe and North America, according to quantitative analysis by the maritime analyst SeaIntel. The research, released in SeaIntel’s Sunday Spotlight report, shows a correlation in excess of 95 percent between spot rate trends and contract rates trends. “Developments in the spot market are seen to work their way into the contract market two to three weeks later,” SeaIntel said. “As the sp...

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