Widespread blanked sailings stave off major collapse of transpacific rates
Spot rates across all the major east-west deepsea trades continued their downward descent this week, ...
By Mike Wackett
There are signs that spot rates from Asia to Europe might be beginning to cool at last.
Today’s Shanghai Containerized Freight Index (SCFI) comprehensive index inched up just half a percentage point this week to 2,885, which is 190% higher than a year ago.
The North Europe component eased back slightly, by $39, to $4,413 per teu, after putting on $650 in the previous two weeks.
Spot rates from Asia to the Mediterranean remained virtually the same, at $4,296 per teu, following increases ...
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praful patel
January 16, 2021 at 12:04 pmCovid-19 is a wake-up call and realization for big companies who for profit moved to China, now hopefully it might be cheaper to produce locally and might be better for economy