Spot rates for container shipping fell on a number of routes

zernovoz

As of the second week of May, the Shanghai Containerized Freight Index (SCFI) of the Shanghai Containerized Freight Index is 756.88 points against 778 in the last session. Spot freight rates decreased on eight routes, and increased by five..

Significantly increased rates from China to the ports of Northern Europe, a significant reduction in rates was observed in the South American trade. Thus, rates from Shanghai to the ports of the range Hamburg – Le Havre increased by 7.1%, rates on the Mediterranean direction remained at the level of 17 weeks.

Spot rates on ports on the west coast of the United States decreased by 8.1%, while rates on ports on the east coast rose by 0.2%.

The rates from China to the Persian Gulf last week fell by 9.1%, and rates for Australia and New Zealand – by 3.4%. Rates for South America decreased by 17.5% compared with 17 weeks of the year.

On intra-Asian trade, the rates from China to the western ports of Japan increased by 0.4%, on the eastern ones – by 1.7%. Rates for Singapore declined by 0.7%, while South Korea remained unchanged.

Source

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