News / Investors may walk as the container lines watch peak season rates continue to fall

© Khunaspix Dreamstime.

Spot rates on major trades from Asia to Europe and the US are still falling in what is traditionally a period of strengthening prices as the peak season gets underway.

The Shanghai Containerized Freight Index (SCFI) has recorded another week of spot rate erosion while carriers should be making decent profits to compensate for the forthcoming traditional periods of slack demand.

The SCFI’s Asia-North Europe and Asia-Mediterranean legs declined by $181 and $208 per teu, respectively, this week, dropping to $518 per ...