News / Spot rates hold steady as retailers anticipate consumers shopping early for Xmas

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As China’s Golden Week national holiday comes to an end, container shipping spot rates on the main east-west trades have remained flat.

According to today’s Shanghai Containerised Freight Index (SCFI), spot rates on the Shanghai-North Europe trade fell a marginal $19 to $1,149 per teu.

On the Shanghai-Mediterranean route, the decline was just $9, to end the week on $1,202 per teu.

Year-on-year comparison demonstrates just how remarkably strong the carriers’ position on the trade has become – at this point last year, ...