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News / Desperate carriers plan new GRIs as Asia-Europe container shipping rates drop to half-price

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Ocean carriers plying between Asia and North Europe are facing one of their biggest challenges after container spot rates gave up last week’s gains, halving to just $275 per teu.

The Shanghai Containerized Freight Index (SCFI) Asia-North Europe component recorded a $279 per teu drop this ...

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  • John Roberts

    December 04, 2015 at 4:24 pm

    I’ve been saying it for a while, this GRI model is outdated and clearly doesn’t work.
    The shipping lines needs to put their heads together to come up with a pricing strategy that works for all their stakeholders because the current system doesn’t work for anyone and everybody knows this.
    If they can’t come up with a system between them, one of the shipping lines will work it out for themselves and we’ll see casualties as the others try to keep up.

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