According to a Loadstar article written by Mike Wackett, container spot rates from Asia to Europe fell back this week as carriers started to reduce rates slightly to attract cargo.
- Today’s Shanghai Containerized Freight Index (SCFI) edged down 1.4% on the week to North Europe, to $907 per teu, while the Mediterranean component declined 1.2%, to $940 per teu.
- The softening of demand has prompted the Ocean Alliance to announce a further three blank sailings: the Asia to North Europe Loop 5 in...
https://mfame.guru/container-capacity-returning-to-normal-as-carriers-reduce-rates/