News / Black week follows Golden Week as Asia-Europe shipping rates hit a 15-week low

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Spot container freight rates between Asia and North Europe have hit a 15-week low as headhaul volumes continue to decline, with carriers seemingly powerless to reverse revenue erosion.

Following a week’s respite from the Shanghai Containerized Freight Index, due to China’s Golden Week holiday, carriers today saw a continuation of the decline on two of the SCFI’s biggest trades.

SCFI spot rates between Shanghai and North Europe shed $54 this week to reach $259 per teu – only $54 above the all-time ...