News / Despite blanked voyages, carriers still can't fill Asia-Europe ships, hitting rates

ID 29000667 © Xuejingwen | Dreamstime.com

Both of the major east-west tradelanes recorded significant falls on today’s Shanghai Containerized Freight Index (SCFI), reflecting an increasingly soft demand environment.

The Asia-Europe components of the SCFI saw container spot rates for North Europe decline 8.3% to $831 per teu, and rates for Mediterranean ports lose 6.8% to $857 per teu.

Despite ocean carriers cancelling 13 Asia-North Europe sailings to mitigate the impact of post-Chinese New Year weak demand, the lines have still been unable to fill their ships and, as ...