News / A gasp of delight for ocean carriers as spot rates surge at 2016's last gasp

The last Shanghai Containerized Freight Index (SCFI) of the year gave container lines more optimism for 2017 after a dreadful 12 months of trading.

All the SCFI’s main tradelanes registered impressive spot rate gains as the index published on 30 December leapt 15.5%.

Rates from Shanghai to North European ports ...