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 …
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Source: The Loadstar