Freight container rates from Asia to Europe are declining, even though shipping lines are increasing bunker surcharges.
The Shanghai Containerised Freight Index (SCFI), all-in spot rates from Shanghai to Europe were $9 lower than the previous week.
Shipping lines may find it difficult to implement a peak-season surcharge (PSS) this year as ships are only running at about 80% of capacity. However, freight rates from Shanghai to the Mediterranean have continued to increase.