News / Shipping lines 'at mercy of forwarders' who won't commit, with blank sailings likely to continue

20/09/2019

Today’s Shanghai Containerized Freight Index (SCFI) saw container spot rates tumble across the board, resulting in the SCFI comprehensive index losing a further 4.1 percentage points to 734, which is some 18% below the level of a year ago.

The two major tradelanes, Asia – Europe, and the transpacific, both suffered rate declines due to negative market fundamentals, as a very disappointing third quarter draws to a close for ocean carriers.

Spot rates to North Europe, as recorded by the SCFI, fell by an additional 5.2% on the week to ...

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Frederik deCockBuning
September 23, 2019 at 4:49 pm
is the carrier not always ‘at mercy of the forwarders ‘??
‘deja vue ‘! when will someone stand up and play the game
the otherway !

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