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As China’s Golden Week national holiday comes to an end, container shipping spot rates on the main east-west trades have remained flat. According to today’s Shanghai Containerised Freight Index (SCFI), spot rates on the Shanghai-North Europe trade fell a marginal $19 to $1,149 per teu. On the Shanghai-Mediterranean route, the decline was just...


Having succeeded in aggressively raising container spot rates during the pandemic, ocean carriers are now laying the foundations for a substantial uplift in annual contract rates. Shippers and carriers traditionally start negotiations for the Asia-Europe trade in October and November, and for Asia to the US in February and March. Maersk, for example,...