SCFI: Asia-US Spot Rates Achieve Significant Increases

The Shanghai Containerized Freight Index spot rates for U.S.-bound trade lanes from Shanghai saw significant increases in the week of June 28, with both East and West Coast-bound lanes achieving more than 60 percent of the general rate increase recommended by the Transpacific Stabilization Agreement. The TSA recommended a July 1 GRI of $400 per 40-foot container from Asia to the U.S. West Coast and $600 to all other U.S. regions.
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