Bullish Wan Hai, unfazed by US port fees, reports record profits
Wan Hai Lines GM Tommy Hsieh is positive about achieving higher transpacific contract rates this ...
Photo: Dreamstime.com
By Mike Wackett
The final Shanghai Containerized Freight Index (SCFI) for 2020, published on 31 December, recorded a staggering 190% gain on the year.
The biggest spot rate increase on its major tradelanes was recorded between Asia and North Europe, which saw the SCFI component leap by almost 300% to finish the year at $4,091 per teu.
Asia to Mediterranean rates also saw a big spike, 266%, to take the SCFI element to $4,286 per teu.
However, shippers have told The Loadstar that Asia-North Europe carriers are ...
Comment on this article