News / Asia-Europe carriers in last-ditch bid to raise plunging rates before slack season

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The first week gains of September’s general rate increases were all but wiped out in the spot markets, so it was business as usual on the troubled Asia-Europe tradelane this week.

Carriers saw the Asia-Europe components of the Shanghai Containerized Freight Index (SCFI) shed $175 per teu for North Europe and $252 for Mediterranean ports, sending the index back down to $588 and $613 per teu, respectively, for the trades.

Furthermore, sources suggest that cargo demand for North Europe is currently so ...