News / More blanked sailings: 'Carriers will not sit on their hands while rates collapse'

ID 357053697 | Aerial View © Gunarto Graphy | Dreamstime.com

Despite large parts of the Chinese workforce continuing to enjoy the new year holiday, there was a partial return to work for other parts of the economy, including the country’s freight forwarders.

They were welcomed with another week of falling spot rates across most of the major trades.

This week’s Shanghai Containerised Freight Index (SCFI), which collates quotes for the forthcoming week, saw declines across all its trade routes, bar a 10% week-on-week increase on China-Mexico.

The SCFI’s China-North Europe and China-Mediterranean dropped ...