News / Box shipping rates climb as forwarders reveal impact of price volatility on profits

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This week the Shanghai Containerised Freight Index’s (SCFI) Asia-North Europe rate increased by $96 per teu to $1,401, as new carrier GRIs were applied.

This means a total of $317 of the planned $550 price hike has come into force, reflecting a partially successful GRI.

“This also echoes the higher end of quotes that are reportedly being offered in the market, although expectations are that levels will decline in the coming weeks after reports of undercutting from competing lines, said derivative broker ...