News / Seasonal slump in demand keeps Asia-Europe container spot rates soft

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Container spot rates from Asia continued to soften this week, impacted by a slowdown in demand following the Chinese new year holiday (CNY).

The Shanghai Containerized Freight Index (SCFI) saw its comprehensive index shrink 5.6% to 729.49 as all the major tradelanes suffered a second week of rate declines.

The Asia to North Europe component of the SCFI slid by a further 4.4% on the week to $791 per teu, and has now fallen below the market rate of a year ago, ...