Following weeks of falling container freight rates, numbers from Shanghai Containerized Freight Index (SCFI) on Friday showed some much needed progress for a total of 2.4 percent. For the important route between Asia and Europe, this increase converted to currency was an impressive USD 339 per twenty foot container, teu. This is a clear sign that the much discussed peak season surcharges are about to break through.
“It’s the effect of the peak season surcharge that we are starting to see. This shows that there is still discipline in the sector in spite of the poor market prospects, which is a good thing,” Stig Frederiksen, Maersk analyst at Carnegie, tells Ritzau Finans.