Shanghai-Northern Europe SCFI
11 Jul 2014
One week after spot rate gains from Shanghai to the United States and Europe, rates on the Shanghai Containerized Freight Index dropped yet again.
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15 Jul 2013
China’s gross domestic product growth slowed in the second quarter of 2013 to 7.5 percent year-over-year, making it the ninth quarter in the last 10 quarters that China’s growth has slackened, Reuters reports.
14 Jul 2013
Restructuring of the Chinese economy will force transportation companies and many manufacturers in southern China and Hong Kong to rethink their long-term strategies, according to shipper representatives.
12 Jul 2013
Major container lines have announced rate increases for a variety of trades, as detailed below, with most slated to take effect in August.
Shanghai Containerized Freight Index, North Europe, week of July 12, 2013. Source: Shanghai Shipping Exchange
12 Jul 2013
Spot freight rates from Asia to European ports measured by the Shanghai Containerized Freight Index lost another chunk of the recent general rate increase in the week ending July 12. This was the second straight week of declines following a substantial increase for each lane on June 28.
Shanghai Containerized Freight Index, U.S. West Coast, week of July 12, 2013. Source: Shanghai Shipping Exchange
12 Jul 2013
Spot container rates to the U.S. East and West Coasts fell in the week of July 12 after rising the past two weeks due to the strength of a July 1 general rate increase. GRI achievement levels for both lanes slipped to the 50 percent range.
12 Jul 2013
Cosco Shipping Co., the heavy-lift and multipurpose unit of China's largest shipping group,