News / Freight rates slip again - which could cost Maersk some $1.8bn

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The Shanghai Container Freight Index measuring spot rates on the Asia-North Europe trade fell once again last week, almost completely wiping out the gains made since the 1 November general rate increases.

Last week, the rate declined 12% from the week ending 16 November, settling on $1,079 per teu, down $146 from $1,225. The fall is especially precipitous given that for the week ending 9 November, following the application of the November GRIs, the SCFI stood at $1,491 per teu – ...