Widespread blanked sailings stave off major collapse of transpacific rates
Spot rates across all the major east-west deepsea trades continued their downward descent this week, ...
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By Mike Wackett
Spot rates on the Shanghai Containerized Freight Index (SCFI) for cargo between Asia and Europe, and Asia and US west and east coast ports have continued to track downwards this week.
The SCFI recorded falls of $70 per teu for North Europe, $61 for Mediterranean ports, $253 per feu for the US west coast and a drop of $151 per feu for the normally more robust US east coast market.
Against a backdrop of falling spot rates, slack season general rate increases ...
Comment on this article
LouRoll
November 28, 2014 at 11:28 pm“…carriers would bank the fuel savings…”: only partly, and progressively not, as carriers have to decrease their Bunker/Fuel Adjustment Factor/Surcharge along the decrease of bunker prices, thereby resulting in a progressive loss of revenues.