Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
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By Mike Wackett
Container spot rates between Asia and Europe and Asia and the US surged this week on the back of new rate increases and worsening congestion at Chinese ports.
Rates to North Europe, as recorded by the Shanghai Containerized Freight Index (SCFI) leapt 16% to $1,021 per teu, ahead of 1 May FAK (freight all kinds) rate hikes by carriers.
And for Mediterranean ports, the percentage increase was even higher, at 20%, taking the spot rate to $1,011 per teu.
Meanwhile transpacific carriers appear to have ...
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