Airfreight rates ex-China 'loss-making', but hopes of a trade deal stay high
Despite “loss-making” airfreight rates offered for Hong Kong/China-US, Chinese forwarders seem optimistic that the trade ...
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By Mike Wackett
Another Friday, and another decline in the Shanghai Containerized Freight Index (SCFI) for Asia-Europe.
Ocean carriers probably now have one last chance to turn the tide of tumbling freight rates before the traditional slack season kicks in and, most importantly, before the renewal of annual contracts with shippers early next year.
SCFI spot rates between Asia and North Europe plunged by 22% this week, shedding a further $132, to $456 per teu, while Asia to Mediterranean ports suffered an even bigger percentage ...
Comment on this article
Anon
September 19, 2015 at 7:52 amyou cannot take Hapag-Lloyd or any other carriers’ average rates which includes ancilliary charges and compare them directly to the SCFI which only includes the ocean freight portion.