News / Silver lining for carriers may be in sight as clouds over Asia-N Europe rates begin to clear

Triple ULCS Call at APM terminals Pier 400 Los Angeles February 2015

Container shipping rates on the main east-west trades rose this week, reversing two weeks of decline, with analysts predicting a continuing upward trend.

Spot rates recorded on the Shanghai Containerized Freight Index (SCFI) this week rose 8% on the Asia-North Europe leg, to $755 per teu. This followed a week off for the SCFI as China went into celebration mode for its Golden Week.

The index had recorded a dip of 8.5% immediately before Golden Week, while the week before that saw a ...