Carriers continue capacity balancing and reduce rates to attract cargo

Container spot rates from Asia to Europe fell back this week as carriers started to reduce rates slightly to attract cargo.
Today’s Shanghai Containerized Freight Index (SCFI) edged down 1.4% on the week to North Europe, to $907 per teu, while the Mediterranean component declined 1.2%, to $940 per teu.
The softening of demand has prompted the Ocean Alliance to announce a further three blank sailings: the Asia to North Europe Loop …

The post Carriers continue capacity balancing and reduce rates to attract cargo appeared first on The Loadstar.

Source: The Loadstar

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