SCFI spot rates to North Europe slipped marginally by 1% to $5,000/teu but
further drops are expected with capacity utilization falling sharply last week.
The 3 recently launched services by Hapag-Lloyd, CMA CGM and MSC sailed light
while the other main Alliance services also recorded sub-par utilization
compared to their recent performance.
The gap between Med and North Europe rates have narrowed further, with the
current Med premium falling to just $360/teu compared to a high of over
$1,000/t