Carriers react quickly to transpac demand surge, but rates remain muted
Container spot freight rates on the transpacific continued to trend upwards this week, albeit at ...
By Mike Wackett
Container spot rates on Asia to North Europe leapt 27% this week to breach $2,000 per teu, with carriers planning further FAK rate hikes for December.
The Shanghai Containerized Freight Index (SCFI) recorded an increase of $447 in its North Europe component, to $2,091 per teu, which is 170% higher than a year ago.
The SCFI rate to Mediterranean ports also saw a big spike, 23%, to $2,219 per teu, representing a 203% increase on 12 months ago.
And there is no sign ...
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