Spot rates on box trades becalmed as Chinese new year holiday begins

Container spot rates from Asia to Europe were flat this week as China began its new year holiday.
The Shanghai Containerized Freight Index (SCFI) recorded North Europe rates at $914 per teu, while for Mediterranean ports the rate was $791 per teu.
At least 50% of cargo carried on the route is fixed on a spot basis with varying lengths of validity.
And with spiralling fuel costs, some carriers have told The Loadstar that, …

The post Spot rates on box trades becalmed as Chinese new year holiday begins appeared first on The Loadstar.

Source: The Loadstar

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