SCFI suffers another dip for rates to the US, but Europe shows more resilience

December 14, 2018 Mike Wackett

The US spot rate components of the Shanghai Containerized Freight Index (SCFI) tumbled again this week, shedding a massive $235 per 40ft for east coast ports and $95 for the west coast.
The rates fell 4.7% from Asia to the US west coast, to $1,935 per 40ft, and tanked by 7.5% to the US east coast, to drop to $2,901 per 40ft, falling back down to the pre-peak season levels of early August.
The ...

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