Marginal gains on east-west ocean container routes in a challenging week
Despite the huge uncertainty US tariffs have injected into container supply chains, and its potentially ...
© Ahmet Ihsan Ariturk
By Mike Wackett
The recent increase in Asia-Mediterranean container spot rates “shouldn’t be mistaken as a sign of permanent recovery”.
Consultant Drewry suggests there is weakness in the east-Med region of the tradelane.
Last week’s Shanghai Containerized Freight Index (SCFI) recorded a spot rate of $1,028 per teu for Mediterranean ports. This compares with the reading on 30 September last year of $583 per teu.
Drewry said the steady growth in the more “mature” west-Med economies was in contrast to the weaknesses in the North Africa, and east-Med regions ...
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