Subscribe to RSS feedContainer freight rates slide due to low volumes
Container spot rates for the trade connecting Shanghai with northern Europe have fallen by $98 to $1612 per teu, according to the Shanghai Containerised Freight Index.
In early June, spot rates on this trade were as high as $1888 per teu. According to Alphaliner, utilisation of box ships on this trade was down to 79% in June, which was the lowest level since November 2011. If you are already a subscriber, please sign in below. If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here. Alternatively, click here to subscribe.
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