Ocean carriers to Europe and the US have been forced to slash rates ahead of the Chinese Golden Week holiday next week, after the failure of vessel blanking programmes.
According to Alphaliner, carriers are already touting heavily discounted rates, of below $500 per teu for Europe and 40ft rates of less than $1,100 for the US west coast.
Container spot rates, as recorded by the Shanghai Containerized Freight Index (SCFI), have fallen …
The post Ocean carriers forced to slash rates as peak season flops and Golden Week looms appeared first on The Loadstar.
Source: The Loadstar
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