East-west rates diverge as transpac spots hold while Asia-Europe keeps falling
Container spot freight rates on the main east-west trades diverged this week after a series ...
By Mike Wackett
If there is a glimmer of hope for beleaguered Asia-Europe carriers from today’s Shanghai Containerized Freight Index (SCFI), it is that although container spot rates fell again this week, the rate of decline has slowed.
The Asia-North Europe component of the SCFI edged down by $6 to $205 per teu, while for Mediterranean ports, spot rates fell $8 per teu to $195.
Despite rates reaching record lows, carriers can at least now prepare for the introduction of general rate increases (GRIs) after Easter ...
Comment on this article