News / August will 'get a little rough' for Asia-North Europe shippers

09/08/2019

Despite the alliances blanking over 150,000 teu of capacity during the peak season and adopting an aggressive policy of selective rollovers, Asia-North Europe ocean carriers have so far been unsuccessful in lifting freight rates.

This week’s Shanghai Containerized Freight Index (SCFI) recorded spot rates for North Europe virtually unchanged, at $810 per teu – approximately 17% below the level of the same week a year ago.

This week saw most of the carriers hiking their FAK rates from mid-month, and they hope ...