News / European carriers still suffering, but transpac lines receive a ‘tariff’ boost

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This week’s Shanghai Containerized Freight Index (SCFI) recorded further declines for Europe, but transpacific tradelanes rebounded as shippers struggled to digest the latest barrage of US/China trade tariffs.

The North Europe component of the SCFI fell another 4.5%, to $757 per teu, which is 19% below the level of the same week of last year.

And the more robust Mediterranean tradelane also suffered a spot market dip, of 7.6%, to $895 per teu.

With the peak season almost at an end, there seems ...