Transpacific contract rates rise on Trump’s fickle policies
Shippers exasperated with the constant flip-flops in the Trump administration’s trade policy have agreed to ...
© Alexey Novikov
By Mike Wackett
Container spot rates to the Mediterranean rocketed by more than 40% this week, according to today’s Shanghai Containerized Freight Index (SCFI).
Rates from Asia to Mediterranean ports increased by $312, to $1,083 per teu, and are now some 30% higher than a year ago.
Carriers on the route have not only succeeded in getting their low-sulphur fuel surcharges to stick, but also managed to drive through rate increases, underpinned by stronger-than-expected demand as westbound sailings run full.
And the North Europe component of ...
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