Four weeks of gains in spot container freight rates are expected to evaporate as mainline operators continue chasing market share despite weak demand.
While Transpacific rates were still up when the Shanghai Containerised Freight Index (SCFI) closed on 3 November, Shanghai-North Europe rates have begun retreating as carriers are adding capacity.
Shanghai-US West Coast rates climbed nearly 10% from the previous week to US$2,102/FEU, while Shanghai-US East Coast rates grew 3%, to...
https://container-news.com/spot-box-rates-lose-momentum-after-four-weeks/