Today’s Shanghai Containerized Freight Index (SCFI) shows no sign of a recovery with spot rates for most trades still dropping, following a break for China’s Golden Week holiday.
The Asia-North Europe component of the SCFI recorded a further 2% decline, to $581 per teu, which is 21% below the level of the same week of last year.
After a miserable peak season, which caused carriers to start their winter blanking programmes earlier than …
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Source: The Loadstar