News / Container shipping rates sink yet again, despite start of 'peak season'

Spot container shipping rates fell across all the main container trades this week as carriers released a set of half-year financial results that almost uniformly showed the industry operating at a loss.

Every single trade lane measured by the Shanghai Containerised Freight Index (SCFI) saw rates decline, apart from the intra-Asia Shanghai-Singapore and Shanghai-Hong Kong legs, which were flat.

Rates on the main Shanghai-North Europe leg dropped by 10.5% to rest at $771 per teu, down from $861 per teu last week, ...