![Rising container rates bump up MPP index, but bubble is expected to burst](https://www.projectcargojournal.com/wp-content/uploads/2024/06/Rising-container-rates-bump-up-MPP-index-but-bubble-is-expected-to-burst-480x320.jpeg)
Rising container rates bump up MPP index, but bubble is expected to burst
Photo Hartman Seatrade
Container rates have seen a surge recently, which has resulted in positive development of the MPP charter rates as well. According to Xeneta, prices for 40 ft high-cube containers in China rose 45 per cent in May, compared to April, primarily due to Red Sea diversions stretching carrier networks.
Want to read more?
You have read all of your free premium articles for this month. Please become a subscriber to keep reading.
Subscribe now!
Take advantage of our exclusive offer to get full access to all premium content.