Ceva's $440m Turkish M&A dish – what's in it?
Tasty… or…
© Vladimir Serebryanskiy
By Mike Wackett
Asia-North Europe ocean carriers are making a big push for peak season rate increases, targeting hikes of about $300 per 40ft from 1 July.
CMA CGM, which slashed its rates this month, has announced that its FAK rate from Asia to North Europe would rise by $300, to $2,000 per 40ft from next month.
But for west Mediterranean ports, CMA CGM is keeping its 40ft rate at $1,800.
However, spot rates on both routes remain under pressure. This week’s Shanghai Containerized Freight Index (SCFI) recorded a 3.9% decline for North Europe, ...
Comment on this article
Jonathon Harris
June 21, 2019 at 6:56 pmInteresting article, Rates are are already falling for July.
Rates being offered at 1100 USD All for July.
Shipping lines always create this hype around this year, Peak this, Peak that.
Then they cut space to create demand which has not materialised.
This year is going to be awful for the lines again.
They seriously need to change their stratergy on trying to fool the importers.
All USA forwarders confirmed they will be slow due to the 25% duties levied.