News / Container spot rates hold steady as carriers seek contract rate hikes on Asia-Europe

Kyoto Express in Southampton Water

Container spot rates between Asia and Europe took a pause today after last week’s surge, tracking down slightly.

However, the foundations appear to have been laid for contract rate increases during the weeks of negotiation in advance of 2017.

The Shanghai Containerized Freight Index (SCFI) recorded a drop of 4.7% for North Europe spot rates to $913 per teu, and a decline of 6.3% for Mediterranean ports to $738 per teu.

At the Maersk Group third quarter results presentation on Wednesday, chief executive ...