Container rates decline 7.6 percent

The price of transporting containers declined in the past week after rising for three consecutive weeks in the wake of Hanjin Shipping's collapse.
Photo: APM Terminals
Photo: APM Terminals

The benchmark Shanghai Containerized Freight Index, SCFI, which covers spot rates on container transports from Shanghai to a series of destinations across the globe, began to decline again this week after the index had seen rates increase for three consecutive weeks.

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