Blanked sailings and general rate increases (GRIs) have failed to arrest the drop in Asia-North Europe freight rates, with slot utilisation less than 95% amid the post-Chinese New Year slack period.
On Friday, the Shanghai Containerised Freight Index showed a 16% fall (from the week prior to the holiday on 29 January) in Asia-North Europe freight rates to $1,805 per teu.
And a Linerlytica report today says sailings blanked to date haven’t …
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