China-Europe spot market ignores second June rate increase
MSC Vanoya at Malaysia’s port of Tanjung Pelepas.
China-North Europe and Asia-Mediterranean spot rates dropped by 6 percent this week as the market shrugged off another attempt by carriers to push up the freight-all-kinds (FAK) rate on both trades.
Several carriers announced that they would be charging FAK rates of $1,100 on Asia-North…
China-Europe spot market ignores second June rate increase
Journal of Commerce