Daily CoFIF: Quotation Still Down

In the Asia-Europe trade, most freight rates quoted online are still down with Hapag Lloyd making relatively bigger cut than what other liners do. Lowest FAK quotation is $3,382 per FEU from HMM. Utilization for departures on 24th Sep, both TEH services, were above average, supported by THE alliance members' more aggressive pricing. Asia-Europe Head Haul Capacity UtilizationLast Friday, the average quotation given by the liners is about $4,136/FEU, which is consistent with the SCFI (Europe)'