News / Spot rates dive while big ship delivery plans send 'shivers' through industry

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Container shipping spot rates on the main east-west trades fell once again this week, reversing the increases made by carriers last week after a general rate increase was introduced on Monday.

The Shanghai Containerised Freight Index‘s (SCFI) leg to North Europe fell by 9%, and was at $1,230 per teu this morning from $1,353 per teu last week, and represented an effective 19% decline from the gains made this time last week.

In response, carriers have begun to announce a new round ...