Asia-Europe carriers have ‘gone too far’ and will ‘live to regret their gluttony’

Capt. John

There are signs that spot rates from Asia to Europe might be beginning to cool at last.
Today’s Shanghai Containerized Freight Index (SCFI) comprehensive index inched up just half a percentage point this week to 2,885, which is 190% higher than a year ago.
The North Europe component eased back slightly, by $39, to $4,413 per teu, after putting on $650 in the previous two weeks.
Spot rates from Asia to the Mediterranean …

The post Asia-Europe carriers have ‘gone too far’ and will ‘live to regret...

https://theloadstar.com/asia-europe-carriers-have-gone-too-far-and-will-live-to-regret-their-gluttony/

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