Record blankings as freight rates threaten a hard landing for box lines
The unrelenting decline in container freight rates from Asia, caused by a collapse in demand, ...
© Konstantin Sutyagin
The Loadstar refers to the SCFI on a weekly basis as the metric to gauge the health of the two largest deepsea east-west trades, Asia-Europe and the transpacific. But that was not the reason for its formation back in 2005. According to this blog from US forwarder Flexport, the Chinese government wanted to provide a pricing guide for exporters, as well as local buyers and sellers of freight space, as well as also provide the foundations for a container derivatives market, which ...
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