White House moves create yet more stormy water on the transpacific
The 90-day tariff moratorium on US imports, except those from China, have failed to keep ...
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By Mike Wackett
Container spot freight rates between Asia and North Europe spiked by over $500 per teu this week, but a leading broker believes it to be a “short-lived increase” with the indexes heading south again next week.
Today’s Shanghai Containerized Freight Index (SCFI) increased by $319 per teu on the Shanghai-Mediterranean route to $1,003, and surged by $518 on Shanghai-North Europe to reach $861 per teu, finally reversing months of rate erosion.
However, carriers were today warned not to develop a false sense ...
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