Spot rates in freefall, carriers now mull blanking voyages without notice

Container spot rates on the key Asia-to-Europe and transpacific tradelanes are in freefall, prompting carriers to consider cancelling voyages without notice.  
The Shanghai Containerized Freight Index (SCFI), published yesterday due to a holiday in China today, recorded further rate declines for Europe and the US, as market fundamentals continued to weaken.  
Asia-North Europe spot rates fell another 5.1%, to $674 per teu, which is a massive one-third below their level at the …

The post Spot rates in freefall, carriers now mull blanking voyages without notice appeared first on The Loadstar.

Source: The Loadstar

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