Container rates improve significantly

The otherwise struggling and historically low rates out of China took a big leap upwards last week as the rate increases planned by the major liner carriers seem to have succeeded. At least so far.

Photo: Maersk Line

A long line of rate increases announced by the largest container carriers seem to have succeeded in the past week.

The historically low rates, along with declining transport volumes, have put pressure on container carriers, not least on the route from the Far East to North Europe. These rates, according to the benchmark Shanghai Containerized Freight Index, SCFI, have now taken a huge leap upwards by all of 49.9 percent to a total of USD 822.39 per twenty-foot container (teu).

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