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
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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