Tag: Shanghai Containerized Freight Index
Trans-Pacific Spot Container Shipping Rates Are Inching Up!
According to the Freightos Baltic Daily Index (FBX), China-West Coast spot rates were $1,441 per forty-foot equivalent unit on Friday.
Market participants told...
HMM Suffers Steep Sales Losses In Q1
HMM suffered a steep decline in sales and profits in the first quarter as freight rates had been lowered to pre-pandemic levels, following its...
Mild Uptick in SCFI in Six Months
Market sentiment turned positive for the first time since September 2022, as the Shanghai Containerized Freight Index (SCFI) recovered mildly in the week ended...
Ocean Freight Rates Rising Steadily
Ocean freight rates are rising steadily as high demand has led to a shortage of containers and to congested ports, reports korea joongang daily.
SCFI...
HMM Makes Profit Despite U.S.-China Conflict and Covid-19
HMM swung to net profit last year on increased shipping price.
HMM, Korea’s largest and the world’s eighth-largest shipper, reported 6.41 trillion won...
How Increased Freight Rates Led To A Worldwide Supply Chain Dysfunction
The average spot rate that container carriers charge for shipping containers from Shanghai to the US East Coast shot to a new record...
Despite Slack Season, Shipping Remains Extremely Tight
Despite the start of the traditional slack season – as China’s Golden Week holiday gets underway – there seems no easing of the...