Container carriers are right now engaged in an intense fight to fill their ships on journeys between Asia and Europe. Some carriers are prepared to go far below break-even, offering as little as USD 150 to transport a 20-foot container, teu, from Shanghai to North Europe, reports analyst agency Alphaliner, describing the current situation as a damaging rate war.
The spot rates are already hovering below break-even, and late last week the SCFI spot rate index between Shanghai and North Europe dipped to an all-time low of USD 243 per teu - and it is far from unlikely that the rates will slide even further, which is why numerous analysts do not hesitate to say that a de-facto price war is raging on Asia-Europe. A price war that container carriers seem unable to escape in spite of their attempts at changing the situation.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.