Container spot rates between Asia and North Europe have tumbled by around 18% since the beginning of the month, as the peak season gives way to weaker demand months.
The Shanghai Containerized Freight Index (SCFI) recorded a further 6.7% decline on the trade this week, to $766 per teu, and there was also a 5.6% drop in rates to Mediterranean ports, to $804 per teu.
Asia to Mediterranean spot rates have fallen about …

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Source: The Loadstar