Container rates rise again after weeks of severe decline

After several weeks of sharp plunges in container rates, the market outlook changed this week. Nordea projects more increases going forward.

Photo: UASC

The cost of transporting container freight from China to the rest of the world has increased this week, suggesting carriers' attempts to raise prices have been effective.

Rates increased on average by 10.5 percent, in the past week, according to figures from the Shanghai Containerized Freight Index (SCFI), which covers spot prices for transports from Shanghai to a range of destinations worldwide.

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