Airfreight rates ex-China 'loss-making', but hopes of a trade deal stay high
Despite “loss-making” airfreight rates offered for Hong Kong/China-US, Chinese forwarders seem optimistic that the trade ...
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By Mike Wackett
Container freight rates between Asia and Europe are holding firm, thanks to a demand spike and renewed hope of a peak season on the route.
The hopes stem from the unlocking of Covid-19 restrictions in Europe, boosting retail sales predictions.
The North European component of today’s Shanghai Containerized Freight Index (SCFI) ticked up 1.3% to $886 per teu, which is an impressive 24% higher than for the same week of last year.
For Mediterranean ports, there was a 0.5% decline to $949, however ...
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