News / Blanked voyages fail to halt sliding spot rates, and March GRIs will be resisted

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Blanked sailings and general rate increases (GRIs) have failed to arrest the drop in Asia-North Europe freight rates, with slot utilisation less than 95% amid the post-Chinese New Year slack period.

On Friday, the Shanghai Containerised Freight Index showed a 16% fall (from the week prior to the holiday on 29 January) in Asia-North Europe freight rates to $1,805 per teu.

And a Linerlytica report today says sailings blanked to date haven’t kept pace with the ...