Quiet week for spot rates, but box carriers need to act to ‘stop the rot’

The bellwether Shanghai Containerized Freight Index (SCFI) has experienced a relatively quiet week, with the North Europe component flat at $882 per teu and Mediterranean ports edging down $16 per teu to $887.
On the transpacific, spot rates gained 8.4% on the week for US west coast ports, to $1,685 per 40ft, and 3.3% for east coast ports, to $2,710 per 40ft.
Carriers serving both tradelanes have endeavoured to impose FAK and GRI increases to …

The post Quiet week for spot rates, but box carriers need to act to ‘stop the rot’ appeared first on The Loadstar.

Source: The Loadstar

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