Rates to North Europe dropped by over $1,000/feu in the past week as carriers
continued to slash rates in their futile attempt to secure additional cargo
ahead of the Golden Week holidays on 1 October.
The rate restraint at the beginning of last week was short lived, with further
rate cutting still to come.
Departures from Shanghai will be erratic following the aftermath of typhoon
Bebinca due to serious vessel bunching that would also cause serious disruptions
to vessel schedules at downstrea