Carriers’ reluctance to pull out more capacity in the last 2 weeks have hurt
their efforts to hold rates post Golden Week as Asia-Europe rates continue to
weaken with the SCFIS registering a 10.2% decline on Monday following last
week’s 15.9% decline.
Although rate surveys suggest a small uptick in carriers’ quotation, there are
still some carriers offering aggressive rate discounts of below $3,000/feu.
Several carriers have announced rate hikes from 1 November aimed at raising spot
freight ra