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
Be the first to comment on "More peak season carrier gloom as container rates continue to fall"