News / Smoother sailing for container lines, but bad news for shippers as peak season rates rocket

© Jaroslaw Baczewski

Against a backdrop of fully laden ships going into the peak season, Asia-Europe container shipping lines succeeded in implementing significant rate increases this week – and there is more to come, according to one analyst.

The North Europe component of the Shanghai Containerised Freight Index (SCFI) surged by a massive 77% this week, increasing spot rates by $526 to $1,206 per teu.

For Mediterranean ports, the SCFI’s increase was a more modest 51%, driving container spot rates up by $396 per teu to $1,172.

And ...