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Major forwarders are engaged in fierce bidding wars in China, in order to secure equipment and space to North Europe. And several carriers are reported to have opened first- and second-round tenders with the highest bidders for guaranteed shipment this month. According to Chinese forwarder contacts, carriers are inviting offers for available slots...


Container freight rates from Asia continued to surge this week, reaching highs far in excess of long-term sustainable levels. Today’s Shanghai Containerized Freight Index (SCFI) cumulative reading hit a new record of 2,311.71, representing a 162% increase on the same week last year. After initially lagging behind the massive rate gains seen on...


Container shipping spot rates on the main deepsea east-west trades this week maintained the historic highs seen in recent weeks. Today’s Shanghai Containerised Freight Index demonstrates that carriers continue to hold the upper hand as the annual round of contract negotiations on the Asia-Europe trades looms. The SCFI’s Shanghai-North Europe route ticked up...


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...


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