Shippers in Asia restart ocean shipment bookings – but not from China
Asian exporters that withheld shipments due to US import tariffs were quick to backtrack today, ...
Container spot freight rates on the main east-west trades diverged this week after a series of rate hikes held on the transpacific trades, but failed to arrest the continued declines seen on Asia-Europe sailings.
This week’s World Container Index (WCI) from Drewry saw both the Shanghai-Los Angeles and Shanghai-New York legs register week-on-week spot rate increases, while this week’s Shanghai Containerised Freight Index (SCFI), which records quoted rates, suggested that further pricing gains ought to be expected next week.
Notwithstanding the noise ...
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