There was a further slippage this week in container spot rates for the European components of the Shanghai Containerised Freight Index (SCFI).
Of concern for Asia-Europe ocean carriers is that rates have so far failed to improve in the first month of the traditional peak season – for North Europe, they have now slumped by over 30% since the beginning of the year.
The SCFI recorded North Europe rates down another 1.7%, …
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Source: The Loadstar