News / Container shipping rates in calmer waters as carriers look ahead to new contracts

Daniël Leppens

Annual contract negotiations for container shipping freight rates between Asia and North Europe are “progressing well”, according to one carrier source.

Some early deals have been done showing a 10% mark-up on current rates.

Meanwhile, spot rates remained stable this week, with the Asia-North Europe component of the Shanghai Containerized Freight Index (SCFI) ticking up 3% to $751 per teu.

And spot rates for Mediterranean ports were virtually unchanged, at $600 per teu.

Carriers have announced new FAK rates effective from the middle of the ...