Asia-Europe spot rates head for $20,000 per feu as new China Covid crisis bites
Ocean carriers are rolling out more rate increases next week, with FAK rates from Asia ...
The latest twist in the increasingly bizarre world of container shipping has seen carriers this week put a complete halt on all new bookings on the westbound North Europe-Asia route, until mid-May at the earliest.
First out of the blocks was Maersk, naturally, with a customer advisory claiming that a backlog of eastbound boxes had been building up since Chinese New Year, when carriers suspended a series of sailings out of Asia due to low demand and unfeasibly low freight rates.
Everyone ...
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