Commonground
Senior Moderator
1 hour ago
The Shanghai Containerized Freight Index (SCFI) declined 7.2% from two weeks earlier to 910.58 points at the end of the week of 3 February, the Shanghai Shipping Exchange (SSE) announced recently.
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On the trade route to Europe, the average load factor of freighters departing from Shanghai decreased to some 85%.
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The supply-demand balance worsened on the route to North America as well. The fares for containers bound for the east coast fell 6.2% to US$2,768 per FEU, and for the west coast, 7.9% to US$1,423 per FEU
...https://container-news.com/novel-coronavirus-brings-about-spike-in-ex-china-spot-rates/
The Shanghai Containerized Freight Index (SCFI) declined 7.2% from two weeks earlier to 910.58 points at the end of the week of 3 February, the Shanghai Shipping Exchange (SSE) announced recently.
-
On the trade route to Europe, the average load factor of freighters departing from Shanghai decreased to some 85%.
-
The supply-demand balance worsened on the route to North America as well. The fares for containers bound for the east coast fell 6.2% to US$2,768 per FEU, and for the west coast, 7.9% to US$1,423 per FEU
...https://container-news.com/novel-coronavirus-brings-about-spike-in-ex-china-spot-rates/