News / Tumbling Asia-to-US rates could hamper carriers in contract renewal talks

agreement © Nikolay Antonov
© Nikolay Antonov
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Container spot rates from Asia to the US are sliding fast, with today’s Shanghai Containerised Freight Index (SCFI) recording a further 10% drop for the US west coast and 7% for east coast ports.

With new annual contract negotiations about to begin in earnest, transpacific carriers ...

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