News / Carriers unveil new FAK hikes in bid to halt Asia-Europe rates slide

Container spot freight rates on the main deepsea east-west trades continued their gentle descent over the course of this week, despite the ongoing vessel diversions from possible Houthi attacks in the Red Sea region.

There are, however, trade pockets where rates have shot up.

Forwarders report, for example, that with air freight capacity out of Colombo constrained, an uptick in shipping rates from Colombo to Dubai – where air cargo connections to Europe are plentiful – had increased 62% in a little ...