Spot rates hold steady as retailers anticipate consumers shopping early for Xmas

October 9, 2020 Gavin van Marle

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 $9, to end the week on $1,202 per teu.
Year-on-year comparison demonstrates just how remarkably strong the carriers’ position on ...

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