Asia-North Europe spot rates stabilized last week with rates settling into a
tighter range of between $5,200 to 5,600 per FEU. The SCFI slipped marginally by
0.3% on Friday after the 22.5% surge the previous week, reflecting the roll back
from the higher rates that carriers had initially targeted from the 1 Dec rate
hike. The lagging SCFIS index rose by 7.2% on 9 December as the higher rates are
registered.
The current rates are expected to largely hold through until the end of the
month, with