News / Carriers still mired in spot rate doldrums as slack season sets in

© Woraphon Banchobdi

Today’s Shanghai Containerized Freight Index (SCFI) shows no sign of a recovery with spot rates for most trades still dropping, following a break for China’s Golden Week holiday.

The Asia-North Europe component of the SCFI recorded a further 2% decline, to $581 per teu, which is 21% below the level of the same week of last year.

After a miserable peak season, which caused carriers to start their winter blanking programmes earlier than usual, container lines were again disappointed by the absence of ...