New SCFI rate assessments for 40’ containers are now available, with the assessments showing a steep decline in Med rates with FEU rates already falling behind North Europe.
The removal of 9 SeaLead ships with an average capacity of 5,700 teu on the China-Med 5CX service will affect rates to the East Med and Black Sea as the service is focused on Egypt and Turkey but is not expected to impact rates to the West Med.
North Europe rates also remain under pressure with several carriers offering sp