News / Rates hold steady as shippers prioritise getting exports to market

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Despite continued weak demand, the comprehensive index of the Shanghai Containerized Freight Index (SCFI) edged down just 1.3% this week, with the US west coast component actually recording a gain.

This provides further evidence that, for now at least, rates are less important to shippers desperate to get their exports to market.

Manufacturing in China is slowly recovering from the coronavirus outbreak lockdowns, although container transport is still reported as “scarce and expensive”, meaning = intermodal movements are unreliable.

According to a Drewry ...