Following a 19% jump last week, the North Europe component of the Shanghai Containerized Freight Index (SCFI) today recorded a modest 3.1% gain, to $729 per teu.
The 1 November FAK hikes by carriers, underpinned by radical blanking programmes, saw the Asia-North Europe shipping lines on the front foot in the market this week. But despite tight space availability, they were apparently unable to maintain the upward momentum.
Nevertheless, carriers are understood …
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Source: The Loadstar