The Asia to North Europe component of the Shanghai Containerised Freight Index (SCFI) recorded a 4.7% uplift in spot rates this week to $761 per teu, underpinned by a raft of cancelled October headhaul sailings by carriers.
Compared with the same week last year, container spot rates on the route are approximately 2% higher, but the profitability of the container lines is being severely dented by a year-on-year 43% hike in bunker …
The post Cancelled sailings prop up Asia-Europe spot rates, but...
https://theloadstar.co.uk/cancelled-sailings-prop-asia-europe-spot-rates-demand-looking-uncertain/