Container spot rates on the transpacific tradelane softened again this week, carriers losing all the November GRI gains – and more.
According to today’s Shanghai Containerized Freight Index (SCFI), the rate for Asia to the US west coast plunged 12.2% to $1,097 per 40ft, after shedding 11.5% and 8.9% in the past two weeks.
And on routes to ports on the US east coast, the downward pressure continued, but was less intense: spot rates declined 6.7% …

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Source: The Loadstar