Further Erosion Seen in SCFI's Asia-Europe Rates

Container spot freight rates from Asia to European ports measured by the Shanghai Containerized Freight Index fell further in the week ending July 19, losing more of their achievements from the July 1 general rate increase. This was the third straight week of decreases, pulling total gains from the GRI down to $726 per 20-foot container in northern European ports and $69 in the Mediterranean.
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