Container freight rates between Asia and Europe are holding firm, thanks to a demand spike and renewed hope of a peak season on the route.
The hopes stem from the unlocking of Covid-19 restrictions in Europe, boosting retail sales predictions.
The North European component of today’s Shanghai Containerized Freight Index (SCFI) ticked up 1.3% to $886 per teu, which is an impressive 24% higher than for the same week of last year.
For …
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Source: The Loadstar
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