The contradiction is:

  • Maersk’s CEO sees inflation pushing container rates up faster than 25% to 30%. This is aided by port and rail congestion
  • Spot rates for containers are not sometimes below contract rates. The average rate per 40-foot container for shipping from China to the U.S. West Coast in June is $7,981, up 160% from a year ago and 2.7% higher than average spot rates, source: Xeneta.
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Future delivery prices are an indication of the direction the market may go. They specifically exclude all taxes.