qingdao

This week brought further evidence of the eroding container freight rate environment, as spot rates on the all major east-west trades out of Asia continued their downward descent.

Today’s Shanghai Containerised Freight Index (SCFI) recorded declines of 5.4% and 3.9% on the North Europe and Mediterranean legs respectively.

The Shanghai-North Europe spot rate fell $39 to finish the week at $689 per teu, while Shanghai-Med fell $24 to finish at $595 per teu.

The declines are being linked to carriers’ collective failure to ...

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