News / 'Carriers to blame for their own meltdown', say customers as Asia-Europe rates slide again

Asia-North Europe container spot rates slid back below $700 per teu this week– and it is the carriers’ own fault, say their customers.

But carriers, with full ships just ahead of the peak season, will hope the dip is temporary and that GRI and peak season surcharge gains will be evident in the next weeks.

However, customers on the trade have described the decline as carrier-driven and “nuts”.

“They are responsible for their own meltdown,” said one, “with a lack of USPs in the market, ...