Asia-North Europe SCFI rates slipped by 14.5% last week, effectively erasing all the gains that carriers have secured in December. Although capacity utilization remains strong, the average capacity on the North Europe route in January remains at a 2 year high as carriers try to hold their volumes ahead of the new alliance reshuffle next month. The OCEAN Alliance’s launch of the new Loop 3 service from April will add up to 5% to overall FE-North Europe capacity, setting the stage for a fresh rou