Asia-North Europe rates largely held their ground in the last week of December
before the next rate hike attempt in January. SCFI rates to North Europe
reversed 3 consecutive weekly declines with a small 0.5% gain while the SCFIS
rebounded by 4.4% to erase all of its previous week’s losses.
The strong rate environment at the end to the year has helped carriers push
ahead with a better outcome on their 2025 annual contract negotiations, with
contract rates ranging from $2,500 to $3,5000/feu whic