Carriers announce price rises as peak season looms and rates falter

Container shipping freight rates in the major east-west trades look set to decline next week, according to today’s Shanghai Containerised Freight Index (SCFI).
The index, which shows rates quoted for the forthcoming week, shows them ticking down on the China-North Europe, China-Mediterranean, transpacific and China-US east coast routes.
The past few weeks have been better for carriers, particularly on the transpacific.
According to the Drewry-assisted World Container Index (WCI), which records rates paid over the …

The post Carriers announce price rises as peak season looms and rates falter appeared first on The Loadstar.

Source: The Loadstar

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