Container freight spot rates on the major trades continued to slide this week, forcing carriers to prepare price hikes for next month, particularly on the Asia-Europe trades.
In response to weeks of falling spot rates, carriers announced a series of new FAK [freight all kinds] levels for ex-Asia shipments to North Europe and Mediterranean ports.
Drewery’s World Container Index (WCI), which records prices paid over the past seven days, saw its Shanghai-Rotterdam …
The post Carriers need to cut more capacity for March GRIs to hold appeared first on The Loadstar.
