Container rates soar ahead of 2020

Container rates increased 9 percent last week, show data from the SCFI. Jefferies says scrubber retrofits and new bunker surcharges inflate rates, while SeaIntelligence Consulting CEO Lars Jensen mainly sees effects tied to preparations up to 2020.

Photo: PR / Hapag-Lloyd

Container rates took a big leap last week, with Shanghai Containerized Freight Index (SCFI) rates increased 7 percent.

On the main string between Asia and Europe, served by, among others, Maersk and MSC's 2M Alliance, rates jumped 9 percent.

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