Transpacific contract rates rise on Trump’s fickle policies
Shippers exasperated with the constant flip-flops in the Trump administration’s trade policy have agreed to ...
By Mike Wackett
There was evidence this week of continued softer Asia-North Europe freight rates just ahead of the peak season.
Container spot rates on the route have been ticking down for a number of weeks, and yesterday CMA CGM published new FAK (freight all kinds) rates, valid from 1 August.
At $1,150 per 20ft and $2,200 per 40ft are $100 per container lower than its current FAKs.
Meanwhile, this week’s Shanghai Containerized Freight Index (SCFI) shows another dip in spot rates for North Europe, declining 2.1% ...
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