News / Soft demand pushes Maersk to slash Asia-Europe FAK rates as peak season looms

Maersk Line has announced it is cutting its FAK rates from Asia to Northern Europe from 16 May, as ocean carriers serving the trade continue to suffer from soft demand ahead of the peak season.

The Danish container line will slash its rate from Shanghai to North European ports by $300, to $1,600 per 40ft, as it begins to feel the heat from the launch of the Ocean Alliance’s additional seventh loop last month.

Maersk’s new FAK rates will be valid until ...