Ocean carriers are racking up massive profits from the unrelenting spiral of rate hikes and surcharges across virtually all liner services.
Today’s Shanghai Containerized Freight Index (SCFI) recorded a further 81-point gain across its tradelane components and a new record reading of 1,938.32, a colossal 150% higher than a year ago.
Spot rates to North Europe increased by 9%, to $1,644 per teu – 134% higher than 12 months ago.
However, shippers told …
The post Ocean carriers ‘really kicking us while we are down’, say forwarders appeared first on The Loadstar.
Source: The Loadstar