News / Carriers at a critical juncture as spot market flashes red signals again

© Sheila Fitzgerald

After recording gains across the board last week, the container spot market indices are back to flashing red for the main east-west tradelanes.

It is confirmation that ocean carrier 1 November FAK (freight all kinds) GRIs (general rate increases), from Asia to Europe in particular, have run out of steam and only achieved a small percentage of the ask.

And this also explains why carriers have been obliged to make a final re-set attempt to push ...