News / More blanked voyages on the cards as east-west container rates take a tumble

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A slide in east-west container spot rates this week is likely to force the hands of carriers hitherto reluctant to pull capacity until the slack season is fully underway.

Following a 5% increase in Asia to North Europe spot rates last week, the Shanghai Containerised Freight Index (SCFI) today recorded a 6.5% decline to $728 per teu.

One shipper told The Loadstar this week he had received unofficial notification from his primary carrier that it would not be implementing the previously announced ...