Carrier action to curtail capacity on the Asia-North Europe trade this month appears to have been a success, judging by this week’s Shanghai Containerised Freight Index (SCFI).
After several weeks of declining spot rates following China’s Golden Week holiday and this year’s peak shipping season, Asia-North Europe spot rates have held onto the stability seen last week.
The SCFI’s Shanghai-North Europe component showed a marginal decline of just $4, to finish the week …
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Source: The Loadstar