Container spot rates from Asia to Europe and the US soared in the final weeks of 2019, boosted by tightening supply and low-sulphur surcharges.
According to the latest Shanghai Containerized Freight Index (SCFI), rates to North Europe have jumped 19% since 20 December, and to US west coast ports they have risen 22%.
Space on ships bound for Europe is at a premium ahead of Chinese New Year, on 25 January, and …

The post Festive boost for container lines as tighter supply pushes up spot rates appeared first on The Loadstar.

Source: The Loadstar