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Limited capacity withdrawals impacting spot box freight rates

Limited capacity withdrawals impacting spot box freight rates

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In a game of chicken liners’ inability to retreat is going to hurt them.

Limited capacity withdrawals over the winter slack season has started to have an impact on spot freight rates, Alphaliner reports with the Shanghai Containerized Freight Index (SCFI) rate assessment to North Europe falling by 6.5% on November 10 to $728 per teu from $779 per teu a week earlier.

“Further falls are expected over the next few weeks, with carriers reported to have abandoned rate increase attempts in November,” Alphaliner reported in its most recent weekly report.

Spot freight rates on the transpacific routes are also falling due to a similar lack of capacity withdrawals for the winter slack season, with SCFI rates to the US West Coast falling by 8.9% to $1,411per feu and rates to the US East Coast falling by 8.2% to $1,917per feu on 10 November.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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