Transpacific sees first major MSC blanks as rates fall and volumes falter
Following nine weeks of consecutive declines in spot freight rates on the transpacific, carriers are ...
Container spot freight rates on the transpacific trades leapt this week, with prices from Asia to US west coast ports sailing way above $3,000 per feu – and looking set to jump higher.
Today’s Shanghai Containerised Freight Index (SCFI) reading – prices quoted for next week – was $3,406 per feu, an increase of 8.3% over last week’s reading of $3,144.
It showed a slight variation with the midweek Freightos Baltic Index (FBX), which reported a rate of $3,058 on Wednesday, which ...
Comment on this article
Chas Deller
August 14, 2020 at 1:29 pmThe Shanghai to USEC rate you show is incorrect…..
Alex Lennane
August 14, 2020 at 1:33 pmThanks for pointing this out -we are correcting it now!
Gavin van Marle
August 14, 2020 at 1:34 pmThank you Chas – apologies for the typo, it wasn’t even a proper number!
Best,
Gavin