SCFI: Asia-Europe market shrugs off carriers' hefty May 1 GRIs

SCFI: Asia-Europe market shrugs off carriers' hefty May 1 GRIs

Asia-Mediterranean spot rates rose sharply on the back of May 1 general rate increases this week, but a host of GRIs on the Asia-Europe trade were unable to stem the sliding container prices, according to the Shanghai Containerized Freight Index (SCFI).

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