SCFI drops again as Transpacific overcapacity overrides labour disruptions
The Shanghai Containerised Freight Index (SCFI) slipped again on 9 June as weak utilisation on the Transpacific saw liner operators cutting rates on both the US West Coast and East Coast routes, erasing all of the gains made in the previous two weeks.
Shanghai-US West Coast freight rates fell 17% from 2 June to US$1,388/FEU, while Shanghai-US East Coast rates lost 8% to
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