Container rates stable, but carriers still cutting capacity despite peak season

July 6, 2018 Gavin van Marle

Container shipping spot freight rates on the main deepsea east-west trades largely remained stable over the past week.
The composite Shanghai Containerised Freight Index (SCFI) slipped just 0.5% on the week before.
Rates on the Shanghai-North Europe trade also declined by 0.5% to finish the week at $881 per teu, according to the SCFI, while the Drewry-assessed World Container Index yesterday recorded a rate of $1,677 per 40ft between Shanghai and Rotterdam.
The ...

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