SeaIntel: Rate hike will last through the summer

Last week's rate increase on the container carriers' key route from Asia to Europe shows recognition and discipline from the shipowners, says Lars Jensen, SeaIntel, to ShippingWatch. But it will be difficult to maintain the rate increase, he says.
BY KATRINE GRØNVALD RAUN

The container rates between Asia and Europe more than doubled last week, increasing by a whopping 174 percent according to the SCFI index. The increase came as a teaser before the announced general rate increase on July 1st, today, and points toward a common recognition from the shipowners, says Lars Jensen, CEO and partner at analysts SeaIntel.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading