Container spot rates on Asia to North Europe leapt 27% this week to breach $2,000 per teu, with carriers planning further FAK rate hikes for December.
The Shanghai Containerized Freight Index (SCFI) recorded an increase of $447 in its North Europe component, to $2,091 per teu, which is 170% higher than a year ago.
The SCFI rate to Mediterranean ports also saw a big spike, 23%, to $2,219 per teu, representing a …
The post More pain for Asia-Europe shippers as rate hikes and surcharges pile up...
https://theloadstar.com/more-pain-for-asia-europe-shippers-as-rate-hikes-and-surcharges-pile-up/