SCFI: Asia-to-North Europe Lanes Give Up Nearly Half of Recent Rate Gains

Spot container rates from Asia to northern European ports measured by the Shanghai Containerized Freight Index have seen 46 percent of their Nov. 1 general rate increase gains erode over the past three weeks. Both Mediterranean and northern European lanes have declined for three consecutive weeks, following jumps from the Nov. 1 GRI of between $700 and $800 per 20-foot-equivalent.
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