Carriers aiming to hang on to spot rate gains as Year of the Pig trots in

Capt. John

Container spot rates on the two major tradelanes, Asia to the US and Asia to Europe, are showing some signs of softening, just over a week before the Chinese New Year holiday starts on 5 February.
Today’s Shanghai Containerized Freight Index (SCFI) recorded a 1% fall in rates to North Europe, to $960 per teu, and a 2.1% fall for rates to Mediterranean ports, to $957 per teu.
Headhaul liftings on the …

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