Container trade economics – what to look for now
Making sense of a fools’ game
By Mike Wackett
After a grim first quarter, there is some evidence that ocean carriers may at last be over the worst of the freight rate carnage on major trades.
This week, spot container rates staged a recovery from the record lows seen in previous weeks.
Today’s Shanghai Containerised Freight Index (SCFI) is in positive territory on most routes from China, with especially good spot rate gains on the Mediterranean and South America.
For North Europe, the SCFI shows an increase of $92 on the week to ...
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