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article written by Mike Wackett, container spot rates from Asia to Europe remained stable last week and, having withdrawn around a third of head haul capacity for April, carriers will hope they have done enough to match the collapse in demand.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