Spot rates tumble with excess capacity and threat of US-China trade war

Container spot rates continued to slide this week as capacity issues threatened the stability of the Asia-Europe trade.
And on the transpacific, a trade war appears to be on the verge of breaking out between China and the US.
This week’s Shanghai Containerized Freight Index (SCFI) saw European components tumble by 5% for North Europe to $704 per teu, and by 2.3% for Mediterranean ports to $650 per teu.
Spot rates on the …

The post Spot rates tumble with excess capacity and threat of US-China trade war appeared first on The Loadstar.

Source: The Loadstar

Be the first to comment on "Spot rates tumble with excess capacity and threat of US-China trade war"

Geef een reactie

Het e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

*