SCFI rises for second consecutive weeek as North America rates increase

According to the Shanghai Shipping Exchange (SSE), the Shanghai Containerized Freight Index (SCFI) increased 1% from the previous week to 1,039.32 points, continuing a two-week rising trend.

Spot pricing for container exports from Shanghai to North America was favourable, notwithstanding persistent pressure on shipping capacity supply caused by labour-management issues at ports on Canada’s west coast and draft limitations at the Panama Canal.

Ex-Shanghai spot rates declined 2.9% to US$947 per TEU...

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