SCFI: Asia-to-Europe Spot Container Rates Slip

Spot container rates from Asia to northern European and Mediterranean ports measured by the Shanghai Containerized Freight Index experienced declines of roughly $60 in the week ending Dec. 20, only one week after jumping more than $500 per 20-foot-equivalent unit in each lane last week. Carriers such as Mediterranean Shipping Co., Hapag-Lloyd, Maersk Line and CMA CGM had called for increases of between $750 and $775 per TEU.

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