Liners plan more rate hikes to halt renewed container spot rates decline
After last week’s hiatus, container spot freight rates on the Asia-Europe trades resumed their downward ...
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By Mike Wackett
Hapag-Lloyd is set to announce a $1,000 per teu general rate increase (GRI) on the Asia-Europe westbound tradelane on July 9, following price hikes totalling more than $2,000 since March that failed to stick.
On Friday, the Shanghai Containerized Freight Index (SCFI) reversed the recent tide of container spot freight rate erosion between Asia and north Europe by chalking up a modest $28 increase to reach $1,183 per teu, but most analysts view this as a temporary reprieve and forecast further ...
Comment on this article
Ricky Forman
June 10, 2014 at 4:13 pmMakes you wonder what factors affect the successful implementation of GRI’s, is it purely utilisation levels being above 95%, carriers discipline, or necessity to raise rates to stay temporarily afloat?