Asia-North Europe rates have started to drop back after their recent rally, with capacity utilization rates dropping conspicuously in the past week.
EC freight futures continue to trade haphazardly over the past week, reflecting the lack of clear market direction with strong initial gains giving way to doubts as spot rates are showing early signs of weakening. How long can carriers sustain the recent rate gains to North Europe remains the key question given the weakness that has already crept i