Spot rates on transpacific surge after news of tariff time-out
Container freight spot rates shot up on the transpacific trades this week, with an immediate ...
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By Mike Wackett
The European components of the Shanghai Containerized Freight Index (SCFI) recorded a second consecutive week of spot rate gains this week as carriers successfully increased their FAK rates and imposed peak season surcharges (PSSs).
However, the star of the show was the Asia to the Mediterranean tradelane, which saw an 18.4% surge to $850 per teu after strong demand. Rates on the route have now recovered to the same level as a year ago.
Given the positive booking outlook for the Mediterranean, ...
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