SCFI spot freight rates to North Europe rose a further 3.8% last week, while
rates to the Med were largely flat with a gain of just 0.1%. The tighter
capacity and bottlenecks around Southeast Asia and North Europe ports have
helped to narrow the rate gap between North Europe and Med which has shrunk to
$500/teu compared to a peak of over $1,000/teu just 2 months earlier.
Rates look set to continue to rise in July but the pace of the rate gains could
slow as the recent capacity additions to Nort