Carrier action to curtail capacity on the Asia-North Europe trade this month appears to have been a success, judging by this week’s Shanghai Containerised Freight Index (SCFI).
After several weeks of declining spot rates following China’s Golden Week holiday and this year’s peak shipping season, Asia-North Europe spot rates have held onto the stability seen last week.
The SCFI’s Shanghai-North Europe component showed a marginal decline of just $4, to finish the week …
The post Carrier efforts to...
https://theloadstar.co.uk/carrier-efforts-stabilise-asia-europe-capacity-keep-spot-rates-steady/