News / Relief for carriers as decline in east-west container rates finally bottoms out

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Container freight rates on the main east-west trade routes rebounded this week after nearly two months of continual decline.

Carriers had announced new freight all kinds (FAK) prices and general rate increases (GRIs) to come into effect next week.

According to today’s Shanghai Containerised Freight Index (SCFI), the spot rate on the China-North Europe trade jumped 9.3%, rising $63 to reach $744 per teu.

Meanwhile the growth on routes between China and the US was even more pronounced, with the transpacific lane to the US ...