Container spot rates react calmly to controversial bunker surcharges

Author: Mike Wackett

Container spot rates from Asia to Europe this week showed only a modest reaction to the emergency bunker surcharge (EBS) drive by ocean carriers.
However, on the transpacific tradelane, the container lines enjoyed greater success.
For north European ports this week, the Shanghai Containerized Freight Index (SCFI) recorded a rise of $51 per teu, or 6.2%, to $876, and for Mediterranean destinations, the spot rate was up $47, or 5.5% on the week, to $895 per …

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