Shanghai Containerized Freight Index (SCFI) saw container spot rates tumble across the board on September 20, reports The Loadstar.
This resulted in the SCFI comprehensive index losing a further 4.1% points to 734, which is some 18% below the level of a year ago.
Rate decline at major tradelanesThe two major tradelanes, Asia, Europe, and the transpacific, both suffered rate declines due to negative market fundamentals, as a very disappointing third quarter draws to a close for ocean carriers.
Spot...
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