date:Dec 08, 2020
Shippers are being forced on to the explosive spot market, which on Asia-North Europe routes this week soared to its highest level since 2010.
The China-North Europe spot rate rose 13.5 percent over last week, adding $283 to reach $2,374 per TEU, according to the latest reading of the Shanghai Containerized Freight Index (SCFI) Friday, as displayed on the JOC Shipping and Logistics Pricing Hub. Since the beginning of November, the rate has increased by an incredible $1,234 per TEU and is up al