News / Asia-Europe spot rates still under pressure and carriers eye more blanked voyages

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Container spot rates from Asia to North Europe have fallen for the fifth consecutive week.

Today’s Shanghai Containerized Freight Index (SCFI) reports a further erosion, of 2.7% to $714 per teu, for North Europe. This compares with around $950 at the beginning of August.

Carriers on the route were unable to “stop the rot” with their FAK (freight all kinds) hikes during the August and September peak season and will be concerned about further rate slippage as the industry enters the traditional slack season.

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