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 ...
Ahead of the largest-ever general rate increases proposed by ocean carriers on the Asia-North Europe tradelane on 1 July, the Shanghai Containerised Freight Index (SCFI) today recorded a jump of $343, to push the spot rate index up to $548 per teu.
Asia-Mediterranean trades, also subject to 1 July GRIs, were boosted by a hike of $401 to $675 per teu. The increases represent week-on-week growth of 59.8% and 68.3% respectively.
Although considering the quantum of the GRIs – up to $1,300 ...
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