SILKRAILS.WORDPRESS.COM (GCTL8.com – FOCUSASIA MEDIA Ltd)

SHANGHAI, May 23 (FAM) – Container spot rates ex-China last week continued their gradual slide since the start of May, with the slow erosion of the 1 May general rate increases (GRIs) imposed by major carriers.

According to the World Container Index (WCI) assessed by Drewry, Shanghai to Rotterdam spot prices fell a further 3% or US$58 to $1,811 for a 40ft box last week, while Shanghai-Los Angeles and Shanghai-New York average spot prices fell by another 9% and 3%, respectively, to $1,407 and $2,442 per feu.

 

Advertisements