Transpacific sees first major MSC blanks as rates fall and volumes falter
Following nine weeks of consecutive declines in spot freight rates on the transpacific, carriers are ...
By Mike Wackett
There was evidence this week of continued softer Asia-North Europe freight rates just ahead of the peak season.
Container spot rates on the route have been ticking down for a number of weeks, and yesterday CMA CGM published new FAK (freight all kinds) rates, valid from 1 August.
At $1,150 per 20ft and $2,200 per 40ft are $100 per container lower than its current FAKs.
Meanwhile, this week’s Shanghai Containerized Freight Index (SCFI) shows another dip in spot rates for North Europe, declining 2.1% ...
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