Rates to North Europe continued their sharp falls with the SCFI assessed rates
falling by 8.8% to North Europe and 12.2% to the Med.
Carriers continue to slash rates, with THE Alliance carriers particularly
aggressive with the rate cuts last week with quotations falling below
$4,000/feu.
Although departures from Shanghai have been severely disrupted in the last 2
weeks due to congestion following Typhoon Bebinka, the reduced capacity
available did not stop rates from dropping with demand remai