By Mike Wackett
Today’s Shanghai Containerized Freight Index (SCFI) shows a marginal decline in spot rates to North Europe, but there was a jump in rates for the North American market, which is good news for ocean carriers just weeks before new annual transpacific contract negotiations commence.
The SCFI recorded a 0.9% fall in spot rates from Asia to North Europe to $970 per teu, while rates to Mediterranean ports were virtually flat at $978 per teu.
In the same week 12 months ago, spot ...
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