CMA CGM gets closer to rival carriers on Indian trades
CMA CGM appears to be warming to new network partners on Indian trades to compete ...
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By Mike Wackett
As expected, container spot rates have soared between Asia and the US this week, buoyed by GRIs and radical capacity cuts by carriers.
The Shanghai Containerized Freight Index (SCFI) recorded a massive 24.5% leap in spot rates for the US west coast, to $1,720 per 40ft.
For US east coast ports, rates jumped 16%, to $2,789 per 40 ft.
According to Alphaliner, the Ocean Alliance will have removed over 29,000 teu of capacity during July by withdrawing three headhaul voyages.
At the same time, ...
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