Asia-North Europe rates slipped marginally in the past week with the SCFI
dropping by 2.2% while the SCFIS fell by 2.7% as carriers continued to roll back
some of the rate increases that they have obtained earlier in December.
Maersk in particular has been blamed for their aggressive rate cutting, forcing
rivals to offer lower rates that have been extended to the first week of
January. Carriers’ initial plans to raise rates to $6,000/FEU in January now
appear doomed although they are still push