Ocean carriers still holding the upper hand with spot rates sky high

Container shipping spot rates on the main deepsea east-west trades this week maintained the historic highs seen in recent weeks.
Today’s Shanghai Containerised Freight Index demonstrates that carriers continue to hold the upper hand as the annual round of contract negotiations on the Asia-Europe trades looms.
The SCFI’s Shanghai-North Europe route ticked up $16 per teu to end the week on $1,100 per teu, while the Shanghai-Mediterranean leg nudged up $22 per …

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Source: The Loadstar

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