Asia-Europe FAK price hikes manage to halt 13-week rate decline
This week’s FAK rate hikes introduced by carriers on the Asia-Europe trades managed to arrest ...
© Jirapatch Iamkate
By Mike Wackett
Container spot rates from Asia to North Europe are now 130% higher than at the start of the year, after a further spike this week.
Today’s Shanghai Containerized Freight Index (SCFI) recorded a 13.5% increase in its North Europe spot rate, to $2,374 per teu – however, in practice, market rates are considerably higher.
The SCFI Asia-Mediterranean component increased by $165, to $2,384 per teu.
One Shanghai-based NVOCC told The Loadstar several carriers were now quoting more than $6,000 per 40ft for Rotterdam, and ...
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