Container spot rates diverge: to Europe still falling, but firmer to the US
A divergence in container spot freight rates between the Asia-Europe and Asia-North America trades emerged ...
By Mike Wackett
Tumbling spot container freight rates on all shipping routes from China caused the Shanghai Containerized Freight Index (SCFI) to shed 7% this week, sinking to another all-time low.
The SCFI has now fallen by 60% over the past year, reflecting increased weakness in every tradelane it covers.
The biggest percentage loss was on Asia to South America: a massive 25% drop in spot rates during the week, down to $472 per teu after a recent rally petered out.
Meanwhile, the two biggest tradelanes, Asia-Europe and ...
Comment on this article
Cory Margand
March 13, 2016 at 1:48 pmGood article. It always amazes me that BCO’s rely on contract/tenders only for the most part. SimpliShip offers them flexibility to procure spot rates in the most efficient way possible. Time for the archaic process to change!