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News / Cancelled sailings prop up Asia-Europe spot rates, but demand looking uncertain

Maersk Munich
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The Asia to North Europe component of the Shanghai Containerised Freight Index (SCFI) recorded a 4.7% uplift in spot rates this week to $761 per teu, underpinned by a raft of cancelled October headhaul sailings by carriers.

Compared with the same week last year, container spot rates ...

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  • Ingvar Bergman

    October 26, 2018 at 6:18 pm

    Asia/North Europe sailings. Blank sailings to prop up rates is a balancie act on the fence. And the fence is EU antitrust rules. It says :

    Capacity adjustments may not concern reductions or capacity freezes which have the specific aim of increasing prices

    I dare say this is what Carriers right now are doing !

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