Spot container rates from Asia to Europe measured by the Shanghai Containerized Freight Index saw their steepest weekly declines since mid-April in the week ending Sept. 6. Rates have been decreasing for the past five weeks in these lanes, and this sixth drop indicates ocean carriers failed to achieve any of the general rate increases proposed for Sept. 1.
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SCFI: Decline in Shanghai-Europe Spot Container Rates Accelerates
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