News / Container lines see rate rises stick across most ocean trades

Container lines this week succeeded in imposing rate increases across most routes covered by the composite Shanghai Containerised Freight Index (SCFI), which recorded a jump of 9.4%.

Spot rates to South America, the Middle East and South Africa surged by 35%, 31% and 30% respectively, week-on-week, transpacific rates leapt by some 15%, while Asia-Europe rates held firm.

Rates from Shanghai to the US west coast were up $191, to $1,479 per 40ft, while to the east coast rates edged down slightly, by ...