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Container rates climb for 11th week straight

The rates for container freight shipped from China to a number of destinations continue to surge, setting a record for the 11th consecutive week.

Photo: Zim

The spot rates for container freight continue to surge, setting a record for the 11th week straight, according to the rate index Shanghai Containerized Freight Index (SCFI), which measures spot prices for container freight from Shanghai to several destinations worldwide.

Since last week, the index has risen by 1.1 percent to 4100.

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