August will ‘get a little rough’ for Asia-North Europe shippers

August 9, 2019 Mike Wackett

Despite the alliances blanking over 150,000 teu of capacity during the peak season and adopting an aggressive policy of selective rollovers, Asia-North Europe ocean carriers have so far been unsuccessful in lifting freight rates.
This week’s Shanghai Containerized Freight Index (SCFI) recorded spot rates for North Europe virtually unchanged, at $810 per teu – approximately 17% below the level of the same week a year ago.
This week saw most of the ...

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