News / Liner hopes for spot rate hikes dampened by 'a sea of red ink'

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Drewry’s WCI container spot rate index was a sea of red ink again this week, ahead of a planned wave of ocean carrier general rate increases (GRIs) next month.

The unrelenting erosion of spot rates will be of particular concern for Asia-North Europe carriers.

Despite extensive blankings on the route, superseded by the 2M announcement of winter schedules and this week’s suspension of a service loop by THE Alliance, they seem unable to halt the decline in short-term rates.

The WCI Asia-North Europe ...