Carriers face capacity management test as transpacific rates plunge
- SCFI Shanghai-US west coast index sinks to $1,636 per feu, down 31%, to lowest level since late November 2023, prior to Red Sea crisis upside
- SCFI Shanghai-US east coast index drops 23%, to $2,557 per feu, lowest point since early December 2023
- Spot indexes show a continued, steady rate decline in Asia-Europe markets, both to northern Europe and the Mediterranean
Container shipping’s half-decade winning streak driven by external events — the pandemic, the Red Sea crisis and tariff frontloading — may finally be over