News / Carriers cancel low-sulphur surcharges as fuel prices drop – along with demand

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Container spot rates from Asia to Europe remained stable this week and, having withdrawn around a third of headhaul capacity for April, carriers will hope they have done enough to match the collapse in demand.

This week’s Shanghai Containerized Freight Index (SCFI) component for North Europe ticked down by 1.8% to $750 per teu, which is 14% higher than the same week of last year.

Then the price of traditional heavy fuel oil (HFO) was around $400 per ton – about 50% ...