‘Aggressive’ blanking brings capacity crunch, cargo rolling and rocketing rates

May 29, 2020 Mike Wackett

Container spot rates from Asia to the US soared this week as the aggressive blank sailing programmes of transpacific carriers resulted in a capacity crunch and container rollovers.
The US west coast component of today’s Shanghai Containerized Freight Index (SCFI) leapt 25% to $2,097 per 40ft, 42% higher than the same week of last year and the highest rate recorded for the tradelane for some 18 months.
The SCFI also recorded a ...

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