News / More blank sailings will tighten capacity to push spot rates up for peak season

05/04/2019

There was a modest uptick this week for spot rates to North Europe, a decline for the Mediterranean ports and a rate hike respite for transpacific shippers.

The Shanghai Containerized Freight Index (SCFI), published yesterday due to a public holiday in China today, saw rates to North Europe up 1.1% to $658 per teu, while Mediterranean rates fell by 1.9% to $711 per teu.

CMA CGM has extended its March Asia-North Europe FAK rates of $950 per 20ft and $1,700 per 40ft ...