China faces long-term export threat, while ocean rates plummet
Capacity demand for Chinese exports is in decline, mainly due to full inventories in Europe ...
By Mike Wackett
Today’s Shanghai Containerized Freight Index (SCFI) offered some positive news for the container lines.
Overall, the SCFI comprehensive index ticked up 3.36 points to 893.88, which compares with the reading 12 months ago of 878.27, when the market was beginning to soften.
The Asia-North Europe component of the index edged up $13 to $948 per teu, while for Mediterranean ports there was an increase of $14 to $895.
On the transpacific tradelane, the spot rate for the US west coast fell slightly, by $6 to ...
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