Asia-USEC shippers to lose 42% capacity in a surge of blanked sailings
The eastbound transpacific trades are set to see a surge of blanked sailings over the ...
This week brought further evidence of the eroding container freight rate environment, as spot rates on the all major east-west trades out of Asia continued their downward descent.
Today’s Shanghai Containerised Freight Index (SCFI) recorded declines of 5.4% and 3.9% on the North Europe and Mediterranean legs respectively.
The Shanghai-North Europe spot rate fell $39 to finish the week at $689 per teu, while Shanghai-Med fell $24 to finish at $595 per teu.
The declines are being linked to carriers’ collective failure to ...
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