News / Ocean rates still rising alongside 'major problems' for those on the front line

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Today’s Shanghai Containerized Freight Index (SCFI) shows a further 10.65-point gain in its comprehensive index to 1,448.87 – 71% higher than at the end of May.

The huge increase over the past five months, in the midst of the pandemic, has been driven by substantial gains in container spot rates across both main and secondary tradelanes.

For example, on the secondary routes of Asia to Australasia, Asia to South Africa and Asia to Latin America, spot rates have spiked by 94%, 155% ...