News / Latest Asia-Europe GRIs only expected to have short-term effect, as slack season hoves into view

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Spot rates from Asia to North European ports staged a mini recovery this week, after general rate increases, postponed from December 1, began to have an influence.

According to sources, carriers had been pressured to defer their previously announced early December GRIs after Maersk Line decided to extend its ultra-low rate offers for a further two weeks.

The Asia-North Europe component of the Shanghai Containerized Freight Index (SCFI) recorded an increase of $428 to $703 per teu today, thus recovering from the ...