Tag: Transpacific rates
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China: Shanghai Containerized Freight Index rises w-o-w on transpacific strength
US West Coast leads gains amid strong demand, Asian port congestion Europe, Mediterranean rates fall as Suez capacity returns, demand softens The Shanghai Containerized Freight Index (SCFI) rose 2.3% w-o-w to 3,590.05 points on 4 September from 3,509.53, marking its sixth consecutive w-o-w gain. However, the rise was driven by stronger US-bound rates, while Europe…