News / Container shipping rates still on the up, but carriers are warned of storms ahead

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Another step in the right direction in the recovery for ocean carriers came today with a week-on-week $331 per teu hike in the Asia-North Europe component of the Shanghai Containerized Freight Index (SCFI), along with a $266 per teu increase for Mediterranean destinations.

Following increases last Friday, and the planned general rate increase (GRI) on Wednesday, the SCFI today stood at $879 per teu for North Europe  and $941 per teu for the Mediterranean.

There was some confusion last week, which saw ...