New services and reinstated blanked sailings boost transpacific capacity
The Gemini Cooperation has introduced an additional transpacific service as a rush of demand and ...
© Xuejingwen
By Mike Wackett
Container spot rates from Asia to North Europe slumped below $700 per teu this week, losing a further 3.9% in value.
They now stand at $686 per teu, while for Mediterranean ports, rates slid 5.8% to $652 per teu.
In January freight rates per teu for both were in excess of $1,000.
The return of the Shanghai Containerized Freight Index (SCFI) this week, after the Chinese Golden Week holiday, confirms spot rates for the trade are continuing to slide and are now trending ...
Comment on this article
Joe Farrelly
October 13, 2017 at 2:10 pmFewb rates have been falling at origin for six weeks.
Current spot rates from Mpl in prc to Europe are usd600/950/1000 plus lss, Uk is usd 25per teu higher.
These rates are freely available from master loaders and indeed many local Chinese forwarders.
The Chinese forwarders are now targeting European customers direct, which is undermining long term BCO liner deals.
I am surprised that this has not been mentioned in any of your articles.