Outlook Gloomy for Container Shipping as Rates Continue to Slide

October 16, 2017

Container spot rates from Asia to North Europe slumped below $700 per teu last week, losing a further 3.9% in value. They now stand at $686 per teu, while for Mediterranean ports, rates slid 5.8% to $652 per teu. In January freight rates per teu for both were in excess of $1,000.

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