News / Congestion at Shanghai fails to help spot rates out of Asia

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Capacity issues at European ports may have boosted spot rates for Europe-Asia sailings but reports of congestion in Shanghai have done little for Asia-Europe sailings.

Shanghai-Rotterdam rates remained virtually flat this week – after a 7% slip last week – at $1,546 per 40ft, but Shanghai-Genoa saw a 3% dip to $1,462, according to Drewry’s World Container Index (WCI).

The decline was more marked on Freightos’ International Freight Index – which reports at the start of each week – citing China-Europe rates as low as $1,423 ...