SCFI: Shanghai-to-US Spot Container Rates Inch Down

Spot container rates from Asia to the U.S. East and West coasts measured by the Shanghai Containerized Freight Index continued to edge down one week ahead of a proposed Nov. 15 general rate increase. The Transpacific Stabilization Agreement suggested an increase of $400 per 40-foot container in all Asia-U.S. lanes, set for Nov. 15. Carriers such as OOCL, Hapag Lloyd, and U.S. Lines have announced similar increases.

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