Good week for Asia-Europe carriers with box shipping rates up 20% as price hikes bite

//Good week for Asia-Europe carriers with box shipping rates up 20% as price hikes bite

Good week for Asia-Europe carriers with box shipping rates up 20% as price hikes bite

By | 2016-12-05T13:34:51+00:00 December 5th, 2016|feed news|Comments Off on Good week for Asia-Europe carriers with box shipping rates up 20% as price hikes bite

The North Europe component of the Shanghai Containerised Freight Index (SCFI) soared 20% this week to $930 per teu as carriers succeeded in implementing a good quantum of their 1 December rate increases.
The boost from the container spot rate market could not have been better timed for Asia-Europe carriers, in the midst of annual contract rate negotiations, and is a far cry from the dire situation of a year ago.
Then, …

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