Hapag-Lloyd: a 'pretty good first quarter' – but trend for 2025 'pretty uncertain'
As it presented its first-quarter financial results today, Hapag-Lloyd cautioned that any cargo surge following ...
Picture: Stephen Waller
By Mike Wackett
Container spot rates between Asia and Europe have lost a big chunk of last week’s gains as carriers face the prospect of a “washout peak season” after a catastrophic first half year.
The Shanghai Containerised Freight Index (SCFI) this week recorded a 23.5% drop in spot rates to North Europe, losing a massive $264, reducing the rate to $861 per teu.
Last week saw North Europe spot rates spike 57.8% to $1,125 per teu ahead of 1 August general rate increases and peak season surcharges.
However, according ...
Comment on this article
David Lee
August 06, 2016 at 12:37 pmSuch situations seem to be very helpful for HJS to persuade SEASPAN to cut more charterage.
Ronny Pozzuoli
August 29, 2016 at 3:39 amStein said that carriers should consider shedding “even more” non-core assets, such as shipping terminals and third-party logistics businesses. Some companies have already done this, with Hyundai Group