Asia-North Europe Spot Slides Again: SCFIS Down 5.4%, Maersk Cuts Week 34 to $4,400/FEU

Summary

The Shanghai Containerized Freight Index (settlement) for North Europe fell 5.4% to 3,519.81 points on 3 August, a second consecutive weekly decline. Maersk cut its week 34 Shanghai-Rotterdam opening rate to $4,400 per FEU, MSC's second-half August quote slipped from $5,704 to $4,840, and the Far East-Europe peak season surcharge was halved to $250/$500.