Carriers continue to slash Asia-Europe rates with the SCFI slipping by 4.6% to
North Europe and 2.6% to the Med.
Maersk’s announcement on 26 August that it will slash its Peak Season Surcharge
for cargo to North Europe from $4,000/feu to $3,000/feu from 15 September is a
further negative signal for the market as capacity utilization continues to come
off its early peak season high.
The weaker market sentiment has driven some capacity withdrawals but these moves
are insufficient to check the dr