It’s still very expensive to ship containers full of goods across the oceans. Spot rates globally are still more than quadruple pre-pandemic levels. But rates are now materially lower than they were a few months ago — and falling by the week. The Shanghai Containerized Freight Index (SCFI) logged its 15th consecutive weekly loss on Friday.
In April, container shipping indicators were mixed. Some, like the SCFI, pointed lower. Others didn’t. As of mid-May, indicators are much more aligned:...
https://www.freightwaves.com/news/sky-high-container-shipping-rates-are-falling-back-to-earth