Container spot rates diverge: to Europe still falling, but firmer to the US
A divergence in container spot freight rates between the Asia-Europe and Asia-North America trades emerged ...
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By Mike Wackett
Asia-Europe ocean carriers will be disappointed with the impact on container spot rates of the impending $1,000 September 1 general rate increases they had attempted to underpin by more blanked sailings and the belated removal of one 2M service string.
Today’s Shanghai Containerized Freight Index (SCFI) for North European and Mediterranean ports records an uptick of $122 per teu and $248 per teu respectively, lifting Asia-North Europe spot rates to $591 per teu and Asia-Mediterranean rates to $697 per teu.
August saw ...
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