News / Lines unveil October GRIs as container freight rates drop below break-even level

19/09/2014

Container shipping line efforts to increase spot freight rate levels as the negotiating season on annual contracts gets underway appear to already be in tatters, after the main price index covering the route crashed this week.

Today’s Shanghai International Freight Index’s (SCFI) Shanghai-North Europe base port ...

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Ricky Forman
September 19, 2014 at 2:48 pm
Groundhog day all over again. Carriers believe their solutions are GRI’s, slow steaming, blank sailings and capacity withdrawals. However their effectiveness has to be questioned. Their actions are never sustainable as we have witnessed over the last few years. The day will come when Carriers realise that their price risk should be transferred and managed in the financial markets, when this happens the entire industry will be better off.

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