Asia-North Europe carriers continue to discount rates to fill their ships, suggesting that the usual pre-peak season recovery will be late, if it happens at all this year.
CMA CGM has slashed its headhaul FAK rate on the tradelane by $200 from 16 June, to $1,700 per 40ft as spot rates continue to slide.
The North Europe component of the Shanghai Containerized Freight Index (SCFI) declined a further 4.4% this week, to $745 per teu, and spot rates on …
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Source: The Loadstar