News / Carriers buoyed by new Asia-Europe GRIs, but how long can these increases hold?

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The August general rate increases (GRIs) have lifted the Shanghai Containerized Freight Index (SCFI) back to the more comfortable revenue levels normally associated with a peak season.

But the major concern for ocean freight carriers now is how long the increases will hold.

On the troubled Asia-Europe routes, the SCFI rocketed on Friday by $709 per teu for North European ports and by $717 for Mediterranean destinations, reaching $1,109 and $1,119 per teu respectively. This means careful use of capacity management has ...