The real cost of ocean freight out of Asia is hitting ‘unbelievable’ heights

Notwithstanding further rate spikes this week, the Shanghai Containerized Freight Index (SCFI) is still understating the prices shippers are paying carriers, according to a senior analyst.
“It should be noted that the market is at a point where the SCFI is, in some cases, significantly underestimating actual rates paid,” said SeaIntelligence’s Lars Jensen.
However, the SCFI’s comprehensive index, reading 2,411.82, is 167% higher than a year ago, reflecting huge spot rate increases …

The post The real cost of ocean freight out of Asia is hitting ‘unbelievable’ heights appeared first on The Loadstar.

Source: The Loadstar

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