News / Asia-N Europe rates level out, but can carriers maintain discipline?

Photo: Maersk

Hard capacity management by Asia-North Europe carriers, combined with the threat of huge FAK rate increases, appears to have staunched the container spot rate decline on the route.

Short-term rates are beginning to edge up, albeit from very low levels, after several consecutive weeks of 10% declines.

The proposed circa-$1,800 per 40ft FAK rate increases from 1 November, and the reduced service “winter schedule” announced by 2M alliance partners Maersk and MSC this week, are understood ...