SCFI: Asia-US Spot Rates Fall Further

The Shanghai Containerized Freight Index spot rates for U.S.-bound trade lanes from Shanghai continued to experience declines in the week of June 21, the fourth straight week of drops in these lanes. Rates have fallen by 12 percent or $248 per 40-foot container over the past four weeks in West Coast lanes, while East Coast-bound lanes are down by 8.3 percent or $270 per FEU.

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