News / Container shipping spot rates jump as peak season draws near

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After several weeks of inertia, the Shanghai Containerized Freight Index (SCFI) saw something of a growth spurt this week, which is excellent news for ocean carriers ahead of the all-important peak season.

The SCFI comprehensive index jumped by 11.5% on the week to 922.22 – nearly double the reading of a year ago, evidencing the much-improved trading conditions across liner trades this year.

From Asia to North Europe spot rates gained 15.1% to $1,015 per teu, influenced by a new round of ...