Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
Container spot rates between Asia and Europe fell again this week, sinking to a level of around 50% of their value at the beginning of the month.
Today’s Shanghai Containerized Freight Index (SCFI) shows a 10.4% drop for North Europe to $691 per teu, while spot rates for Mediterranean ports slumped by 15% to $594 per teu.
This represents the third consecutive week that the SCFI has recorded declines in spot rates for Europe, after 1 August GRIs and minimum FAK (freight ...
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Cancelled voyages take the sting out of spot rate declines this week
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