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 ...
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By Mike Wackett
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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