News / Further slip for Asia to North Europe spot rates, threatening price rise plans

Container spot rates from Asia to North Europe fell again this week and have now declined by 36% since the beginning of the year.

The North Europe component of the Shanghai Containerized Freight Index (SCFI) slipped by 2.7% today to $640 per teu, suggesting that carriers will have difficulty implementing their planned 1 May FAK increases.

Anecdotal reports to The Loadstar confirm that carriers have been obliged to discount already agreed rates in order to maintain bookings against a backdrop of disappointing ...