Container spot rates on the key Asia-to-Europe and transpacific tradelanes are in freefall, prompting carriers to consider cancelling voyages without notice.
The Shanghai Containerized Freight Index (SCFI), published yesterday due to a holiday in China today, recorded further rate declines for Europe and the US, as market fundamentals continued to weaken.
Asia-North Europe spot rates fell another 5.1%, to $674 per teu, which is a massive one-third below their level at the …
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https://theloadstar.com/spot-rates-in-freefall-carriers-now-mull-blanking-voyages-without-notice/