Carriers need to cut more capacity for March GRIs to hold
Container freight spot rates on the major trades continued to slide this week, forcing carriers ...
Container spot rates from Asia to North Europe gained more traction this week, surging past the $1,000 per teu watershed to a level only briefly seen on the route once prior to the peak season.
The Shanghai Containerized Freight Index (SCFI) recorded a 12.5% increase in spot rates to North Europe to $1,046 per teu, following a 20% jump the week before, marking a significant recovery from the SCFI’s 17 March all-time low of $205 per teu.
One carrier told The Loadstar this ...
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