But late-month Suez impacts reversed some of that dip, pushing prices up 4% compared to last month to $7,730/FEU.
Europe-North America rates that had begun climbing last month on improving demand and some blanked sailings by carriers spiked 57% this April to $3,428/FEU, an 83% increase since the start of the year.
Though port congestion and delays have improved compared to the start of the year, they continue to be a problem as estimated volumes in March and April were not much below the October peak.