More blanked sailings: 'Carriers will not sit on their hands while rates collapse'
Despite large parts of the Chinese workforce continuing to enjoy the new year holiday, there ...
Container spot rates on the key Asia-to-Europe and transpacific tradelanes are in freefall, prompting carriers to consider cancelling voyages without notice.
The Shanghai Containerized Freight Index (SCFI), published yesterday due to a holiday in China today, recorded further rate declines for Europe and the US, as market fundamentals continued to weaken.
Asia-North Europe spot rates fell another 5.1%, to $674 per teu, which is a massive one-third below their level at the beginning of January and over 20% lower than in the ...
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