Surcharges Cancelled As Fuel Prices Drop Amidst Rising Blank Sailings!

Capt. John

According to a LoadStar article written by Mike Wackett, container spot rates from Asia to Europe remained stable last week and, having withdrawn around a third of head haul capacity for April, carriers will hope they have done enough to match the collapse in demand.

Key Developments
  • Last week’s Shanghai Containerized Freight Index (SCFI) component for North Europe ticked down by 1.8% to $750 per teu, which is 14% higher than the same week of last year.
  • Then the price of traditional heavy fuel...

http://mfame.guru/surcharges-cancelled-as-fuel-prices-drop-amidst-rising-blank-sailings/

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