The on-going rate pressure on the container carriers continued last week. Spot rates on all the major routes fell, according to data from the SCFI index.
On the important trade route from Asia to North Europe, the spot price to transport a twenty foot container (teu) fell 23 percent to USD 400. This came on the heels of price drops of 26 and 21 percent respectively in the past two weeks, after the carriers had managed to increase the rate on the route significantly with price increases around July 1.
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