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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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