News / Carriers cannot afford to 'sit on their hands' as Asia-Europe spot rates tumble

21/09/2018

Container spot rates between Asia and North Europe have tumbled by around 18% since the beginning of the month, as the peak season gives way to weaker demand months.

The Shanghai Containerized Freight Index (SCFI) recorded a further 6.7% decline on the trade this week, to $766 per teu, and there was also a 5.6% drop in rates to Mediterranean ports, to $804 per teu.

Asia to Mediterranean spot rates have fallen about 11% this month.

Ocean carriers have announced no less than 11 ...