Today’s Shanghai Containerized Freight Index (SCFI) saw container spot rates tumble across the board, resulting in the SCFI comprehensive index losing a further 4.1 percentage points to 734, which is some 18% below the level of a year ago. 
The two major tradelanes, Asia – Europe, and the transpacific, both suffered rate declines due to negative market fundamentals, as a very disappointing third quarter draws to a close for ocean carriers. 
Spot rates to North Europe, as recorded by the …

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Source: The Loadstar