News / Container shipping rates still falling, but forward data points to an 'upward trend'

© Scanrail

Container spot rates from Asia to Europe slid for the second week running, but held at above $700 per teu – a level carriers seem unprepared to breach, given the current “full” status of westbound voyages.

The Shanghai Containerized Freight Index (SCFI) recorded a 16.7% fall in spot rates to North Europe, which declined by $156 on the week to $776 per teu.

Meanwhile, spot rates for Mediterranean ports fell by 20.3%, or $193 per teu, down to $758.

However, according to ocean ...