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

26/10/2018

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 ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.

Current subscriber

New subscriber

LOGIN

Please either REGISTER or login below to continue. Forgotten your password? Please click here.

Email*
Password*

Reset Your Password

<< Go back

Email*

Comment on this article

You must be logged in to post a comment.

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 !

Log in to Reply