News / Deepsea container freight rates hold on to last week's gains as vessel utilisation rises

© Lai Ching Yuen | Dreamstime.com - Container Terminals

Today’s Shanghai Containerized Freight Index (SCFI) comprehensive index was up 2.1% this week reflecting a stable spot market for container shipments from Asia.

The North Europe component of the SCFI ticked up by 1.8% to $788 per teu and crucially held onto the previous week’s gains.

There was also an 8.9% uplift in spot rates for Mediterranean ports to $756 per teu.

There was a similar story on the transpacific tradelane where carriers not only succeeded in making the previous week’s hikes stick, ...