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Asia-Europe rate crash drives north-south rates to all-time lows
THE freight rate collapse on the Asia-Europe trades has triggered a domino effect on north-south rates too, with rates to Australia and South America down to all-time lows, according to Alphaliner.
As a result, both the Shanghai Container Freight Index (SCFI) and the China Container Freight Index (CCFI) composite indices could soon fall below their 2009 all time lows following steep declines in the past week, says the Paris-based research house.
As a result, both the Shanghai Container Freight Index (SCFI) and the China Container Freight Index (CCFI) composite indices could soon fall below their 2009 all time lows following steep declines in the past week, says the Paris-based research house.
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