Global container trade still strong, but front-loading not the cause
Global container traffic in January continued to show underlying strength, according to recently released figures ...
In the final rates commentary of 2016, carriers managed to increase spot rates from Asia to European destinations, but saw a slight slip on US west and east coast ports.
Crucially, spot rates on the Shanghai-North Europe leg of the Shanghai Containerised Freight Index (SCFI) remained above the $1,000 per teu level, rising 4.3% to end the week on $1,049 per teu.
Meanwhile, spot rates to the Mediterranean rose 1.7%, to end the week on $963 per teu.
Both levels are considerably healthier than ...
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