News / Transatlantic trade has become the latest goldmine for carriers

Photo: Seaspan

After the prolonged container spot rates decline the transatlantic trade has supplanted the transpacific trade as the most lucrative corridor for shipping lines.

According to new research from Alphaliner, the most recent Shanghai Containerised Freight Index (SCFI) reading from last Friday (9 September, the Shanghai-Los Angeles spot rate had declined to $3,500 per 40ft, down some 32% in the space of just a fortnight, and means that carriers are earning $0.60 per feu per nautical mile (nm), and less than half ...