News / Container spot rates hold firm, thanks to carriers' smart capacity management

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The Shanghai Containerized Freight Index (SCFI) has punched through the 1,000 mark for the second time this month, 21% higher than the same week a year ago.

The SCFI published early this week, due to today’s national holiday in China, but despite the shorter time frame the container spot rate index still recorded more gains across the major east-west tradelanes.

Despite the fact that the world remains gripped by a deadly pandemic and cargo volumes remain significantly below budget, ocean carriers have ...