Transpacific rates take a tumble as trade war ripples spread

Efforts to push rates up on Asia-North Europe trades are still failing, and carriers are now also beginning to feel the pinch from the China-US trade wars.
The Shanghai Containerised Freight Index (SCFI) today recorded spot rates for North Europe virtually unchanged, up just 0.2% to $812 per teu.
While this modest increase will allay some of concerns, there have been significant efforts to push rates up, with carriers removing a reported …

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Source: The Loadstar

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