News / Asia-Europe rates flatten, but carriers remain optimistic that a strong peak season awaits

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The Shanghai Containerized Freight Index (SCFI), which was published one day early this week in view of a public holiday in China today, shows little sign of any traction for container spot rates from Asia to Europe.

Ocean carriers are hoping for the traditional pre-peak season boost for rates from Asia to North Europe and the Mediterranean but as every week goes by the outlook is more uncertain.

Speaking during the Hapag-Lloyd Q1 earnings call presentation in early May, chief executive Rolf ...