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

17/07/2020

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 ...