News / Carriers 'give away' fuel savings, pushing spot rates to largest ever weekly decline

14/11/2014

Spot rates for Asia-North Europe gauged by the Shanghai Containerized Freight Index plunged by 21% today to $934 per teu – falling back below the psychological $1,000 barrier even sooner than the most pessimistic of analysts had predicted.

According to container broker FIS, the “horrific” fall ...

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