SCFI rates to North Europe slipped back marginally after last week’s 12.5% gain
with the 1 July rate increase still largely in place.
Carriers are still pushing for a mid-July increase, with mixed views on whether
this fresh round of rate hikes will stick.
Capacity utilization has slipped in the last 2 weeks, with the launch of 3 new
FE-North Europe services and bunching departures on 3 other strings adding some
100,000 teu of additional slots to the market. Slot availability will be down
over