News / Hanjin ripples in container spot rate arena are smoothing out, according to SCFI

© Chuyu

The spike in container spot rates in the aftermath of Hanjin Shipping entering receivership on 31 August appears to have petered out,

Ocean carriers are having to revise plans for extra loaders, as according to Alphaliner only one extra sailing has taken place between Asia and Europe, and plans by compatriot Hyundai Merchant Marine (HMM) to add a full string have been scaled down due to weak demand.

The one additional sailing was by Maersk Line-operated 7,000 teu-Northern Monument from Tanjung Pelepas to North European ports on ...