News in Brief Podcast | Week 19 | Airfreight nosedive and blank sailings
In this episode of The Loadstar’s News in Brief Podcast, host and news reporter Charlotte Goldstone ...
Ocean carriers plying the Asia-North Europe tradelane are taking measures to “stop the rot” by cancelling more sailings, according to Alphaliner.
Spot rates on the route have slumped to a 12-month low.
The North Europe component of the Shanghai Containerized Freight Index (SCFI) slid a further 2.7% last week to $640 per teu, and has fallen by 36% since early January.
Anecdotal reports to The Loadstar suggest carriers are beginning to panic and are discounting heavily to improve vessel utilisation.
One carrier source said ...
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