Supply-demand picture in China’s containerized export was mixed depending on trade routes and the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI) edged down by 0.3% to a reading of 723.93 last Friday.
Spot rates for containers moving from Shanghai to Europe was $743 per TEU, up 2.8% from the previous week bolstered by a stable transport demand while on the Mediterranean trade, the freight rate moved upward by 2.0% to $710 per TEU.
On the route from Shanghai to North...