News / Carriers continue capacity balancing and reduce rates to attract cargo

© José Lledó |

Container spot rates from Asia to Europe fell back this week as carriers started to reduce rates slightly to attract cargo.

Today’s Shanghai Containerized Freight Index (SCFI) edged down 1.4% on the week to North Europe, to $907 per teu, while the Mediterranean component declined 1.2%, to $940 per teu.

The softening of demand has prompted the Ocean Alliance to announce a further three blank sailings: the Asia to North Europe Loop 5 in week 28 and in the first week of ...