China’s Golden Week traditionally marks the start of the slack season on the major tradelanes of Asia-Europe and the transpacific.
Before this week’s Chinese national holiday, container spot rates, as recorded by the Shanghai Containerized Freight Index (SCFI), had slumped to nigh year-to-date lows on both routes and there seems no reason to suggest there will be a recovery by the time the SCFI resumes publication on 10 October.
Analyst Alphaliner said: “Further rate weakness is expected to be revealed in the coming weeks, with rates of below …
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Source: The Loadstar
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