A festive rate respite, but carriers may be in for ‘a bumpy ride’ in 2019

December 21, 2018 Mike Wackett

The penultimate reading from the Shanghai Containerized Freight Index (SCFI) for 2018 saw continued erosion of spot rates on the transpacific, countered by gains on the Asia-Europe trades.
With US retailers now reported to be overstocked after the advance booking rush to beat the postponed 1 January tariff hike on Chinese imports, demand is proving weaker than the seasonal norm, forcing carriers into heavy discounting.
For the US west coast, spot rates ...

The post A festive rate respite, but carriers may be in for ‘a bumpy ride’ in 2019 appeared first on The Loadstar.

Previous Article
Deadline looms for UK hauliers’ post-no deal permits to take goods to the EU
Deadline looms for UK hauliers’ post-no deal permits to take goods to the EU

UK hauliers have been given an extension to apply for European Conference of Ministers for Transport (ECMT)...

Next Article
Maersk switches shortsea service to Europe from Immingham to Hull
Maersk switches shortsea service to Europe from Immingham to Hull

Maersk is relocating its Immingham-Europe service to Hull Container Terminal, following shipper concerns ov...