News / Spot container freight rates still falling as FAK hikes fail to help carriers

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Spot container freight rates fell on the major deepsea tradelanes again this week, after a series of FAK increases failed to make any gains for carriers.

According to this week’s Shanghai Containerised Freight Index (SCFI), the routes to the Middle East, South Africa and Singapore showed very marginal gains, while every other route witnessed declines.

The Shanghai-North Europe leg saw its spot rate decline by 3.9%, or $37 per teu, to rest at $924 per teu this morning. It saw a similar ...