Rates to North Europe continue to hold up much better than the Transpacific,
with the SCFI falling just 2.9% from this year’s peak compared to the 22.9%
decline on the US West Coast and the 7.9% decline to the Med.
Although EC freight futures continue to weaken, carriers are still in a strong
position as overall capacity to North Europe remains limited with the 13 week
moving average (13wma) still down 3.4% compared to last year despite recent new
capacity additions. Actual departures from Asi