Alarm bells ringing again in carrier boardrooms as Asia-Europe spot rates head back south

default_image

© Khunaspix Dreamstime.

By Mike Wackett

08/01/2016

Ocean carriers were brought back to earth today with a bump after the festive season spot rate gains on the critical Asia-Europe tradelanes dramatically reversed.

The first Shanghai Containerized Freight Index (SCFI) of 2016 recorded an across markets dip of 10% in spot rates, compared with 31 December – but for North Europe and the Mediterranean trades the decline was worst.

The Asia to Mediterranean component of the SCFI shed $235, to take the spot rate back down to $1,022; but for ...

Comment on this article

You must be logged in to post a comment.

Topics

Most read news

TPM: Forwarders need 'clout' to survive as the ocean carriers move in

Gemini schedule reliability falls below 90% target for the first time

Red Sea crisis forces Maersk to increase capacity over strategy limit

Resumption of Suez transits in doubt after return of Red Sea hostilities

Maersk in firing line over 'abandoned container' in Africa

Forever 21 blames bankruptcy on de minimis exemption

Gemini carriers cut back loading allocations on challenging southern India trade

Maersk assures shareholders arms shipments 'comply with regulations'

US port call fees would force ACL to exit transatlantic trade, says CEO

DHL sees opportunities as end of US de minimis exemption looms

SF Airlines expands, while sister Kerry Logistics is set to lose its name

FMC empowered to investigate international 'shipping chokepoints'

Ocean Alliance splits ANP service into two to ease Vancouver delays

CMA CGM Air Cargo eyes expansion with bid for Air Belgium

Small businesses fearful as DOGE has USPS revamp in its sights

Uncertainty over fallout from Heathrow fire