News / Asia-Europe carriers forced to discount rates' as new GRI deadline approaches

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There was evidence this week that this month’s container line GRIs are being eroded at a faster pace than those which have already failed to stick this year.

Container spot freight rates between Asia and Europe continued to head south this week as ocean carriers discounted heavily ahead of proposed 1 September general rate increases ranging from $500 to $1,100 per teu.

Both the Asia-Europe components of the Shanghai Containerized Freight Index (SCFI) lost more ground, with North European rates declining by ...