ShippingWatch

Container rates continue to skyrocket

Container rates from China to the rest of the world continued to soar last week for the 11th consecutive week.

Photo: Fabian Bimmer/Reuters/Ritzau Scanpix

Rates for container freight from China to the rest of the world continued to climb last week for the 11th consecutive week, with the Europe routes driving up the index the most.

This is clear from the Shanghai Containerized Freight Index, SCFI, which measures the spot price on container freight from Shanghai to a series of destinations across the globe.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk estimated to have war chest in the range of USD 30 billion

The funds will not be used for more vessels, but what then is Maersk planning to spend the estimated USD 30 billion in its war chest on following the announcement that the full-year result in 2021 will be significantly higher than what was expected just a couple of months ago?

BP's sales grow, earnings drop

The oil giant wasn't able to keep pace with 2021's first quarter, though the company remains far ahead of its USD 17.5 billion deficit from the second quarter of 2020.

Further reading

Related articles

Trial banner

Latest news

See all jobs