Liners plan more rate hikes to halt renewed container spot rates decline
After last week’s hiatus, container spot freight rates on the Asia-Europe trades resumed their downward ...
In the final rates commentary of 2016, carriers managed to increase spot rates from Asia to European destinations, but saw a slight slip on US west and east coast ports.
Crucially, spot rates on the Shanghai-North Europe leg of the Shanghai Containerised Freight Index (SCFI) remained above the $1,000 per teu level, rising 4.3% to end the week on $1,049 per teu.
Meanwhile, spot rates to the Mediterranean rose 1.7%, to end the week on $963 per teu.
Both levels are considerably healthier than ...
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