News / Asia-Europe rates continue to strengthen as carriers launch IMO 2020 tariffs

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By Mike Wackett

02/08/2019

The European components of the Shanghai Containerized Freight Index (SCFI) recorded a second consecutive week of spot rate gains this week as carriers successfully increased their FAK rates and imposed peak season surcharges (PSSs).

However, the star of the show was the Asia to the Mediterranean tradelane, which saw an 18.4% surge to $850 per teu after strong demand. Rates on the route have now recovered to the same level as a year ago.

Given the positive booking outlook for the Mediterranean, ...

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Topics

Asia-Mediterranean Asia-North Europe Asia-US east coast China-US trade war CMA CGM Hapag-Lloyd Rates: the eternal tango SCFI Transpacific Trade

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