More peak season carrier gloom as container rates continue to fall

Container spot rates on the two biggest tradelanes slumped again this week, as the optimism expressed by carriers for a satisfactory peak season all but evaporated.
The north Europe component of the Shanghai Containerized Freight Index (SCFI) fell a further 2.3%, to $793 per teu, which represents a massive 20% decline on rates since January, and is 17% below the level of 12 months ago.
Despite attempting to squeeze capacity and threatening …

The post More peak season carrier gloom as container rates continue to fall appeared first on The Loadstar.

Source: The Loadstar

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