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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With the resumption of full trading following the Golden Week holiday in China, spot rates on the trunk Asia-Europe trade have continued to fall.
Today’s Shanghai Containerised Freight Index was registered at $738 per teu on the Shanghai-North Europe, a new low for the year, and indeed its lowest level since this time last year.
Today’s spot rate represents a 10% decline on the $822 per teu reported before the Golden Week, and a near 50% decline over the past 10 weeks, ...
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