News / Asia-Europe container shipping rates on the up, while carriers downsize GRI plans

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Spot rates between Asia and Europe leaped up this week in preparation for the latest round of general rate increases from container shipping lines keen to see higher prices as the annual contracting season with shippers nears its conclusion.

The Shanghai Containerised Freight Index (SCFI) spot Freight All Kinds (FAK) rate between Shanghai and north European base ports jumped 88% to $1,353 per teu, after languishing last Friday at $719 per teu.

With most carriers set to implement GRIs on 15 December, ...