Spot container freight rates on key East-West trades reversed months of consecutive declines this week with a series of general rate increases (GRIs) and new FAKs. [Freight All Kinds] Price levels on Wednesday.
In percentage terms, the largest rate increases were seen in trade between Asia and Northern Europe. The Shanghai-Rotterdam share of the Drewry’s World Container Index (WCI) rose 6% from the previous week, ending at $1,669 per 40ft, while today’s price…
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