Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
After weeks of erosion, Asia-North Europe container spot rates appear to have responded to peak season capacity cuts and are edging back up.
The North Europe component of today’s Shanghai Containerized Freight Index (SCFI) recorded a 12.2% increase in rates to $754 per teu, while rates for Mediterranean ports were up by a more modest 3.3%, to $718 per teu.
Asia-North Europe ocean carriers serving the route have withdrawn some 150,000 teu of capacity this month and next, due to weak demand, and in order to ‘stop the rot’ in ...
European port congestion now at five-to-six days, and getting worse
Keep our news independent, by supporting The Loadstar
Ocean rates rise after tariff pause acts as 'starting gun' for more front-loading
Carriers react quickly to transpac demand surge, but rates remain muted
ONE opts for South Korean newbuilds to avoid hefty US port fees
Crew saved as MSC box ship, hit by 'monsoon' off Indian coast, sinks
Legal challenges for tariffs and de minimis, as EU eyes new ecommerce rules
Comment on this article