Carriers need to cut more capacity for March GRIs to hold
Container freight spot rates on the major trades continued to slide this week, forcing carriers ...
Following the end of the China’s new year holiday and against a backdrop of soft forward demand, spot freight rates between Asia and North Europe nosedived by 13% this week.
They hit $816 per teu as carriers appeared to restart a rate war to fill their ultra-large container vessels (ULCVs).
The Shanghai Containerized Freight Index (SCFI) recorded a full house of spot rate declines, with Asia to the Mediterranean plunging $139 to $1,134 per teu, Asia-US west coast down $88 per feu ...
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