The SCFI rebound on the North Europe route proved to be short-lived as carriers continued to slash rates. The SCFIS is also expected to resume its slide after the surprise 6% gain on 10 March, mirroring the weakness in the spot market where average survey rate quotations are still falling.
Capacity utilization remains stubbornly poor, with no pick up in demand to be seen. Capacity discipline remains scarce, with the OCEAN Alliance still planning to proceed with the launch of their new NEU3 serv