News / Rock-bottom Asia-Europe box shipping rates could triple overnight this week

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The forthcoming general rate increase (GRIs) set to be introduced on the Asia-Europe trade, could see rates triple overnight this week.

Friday’s Shanghai Containerised Freight Index (SCFI) saw the Shanghai-North Europe spot rate decline to just $586 per teu, its lowest since June 2013.

But Wednesday is set to see the introduction of a series of GRIs, ranging from $850 to $1,000 per teu, some of which were delayed from mid-March, and Drewry notes that if carriers achieve the full increase, it ...