Hapag-Lloyd: a 'pretty good first quarter' – but trend for 2025 'pretty uncertain'
As it presented its first-quarter financial results today, Hapag-Lloyd cautioned that any cargo surge following ...
Container spot rates between China and North Europe soared this week on the back of 1 May general rate increases (GRIs), strengthening demand and concerns over the financial stability of ocean carriers.
The Asia-North Europe component of the Shanghai Containerized Freight Index (SCFI) leapt $461 to $732 per teu – a massive 170% increase on the week.
And spot rates to Mediterranean ports, which had not eroded as badly in recent weeks, jumped 138%, or $547 per teu, to $944.
The spot rate surge ...
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