Transpacific gains slow as Europe rates slide

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Container freight benchmarks declined, with Transpacific rate gains slowing and Asia-Europe rates continuing to fall. Drewry’s World Container Index and the Freightos Baltic Index each dropped 1%, while the Shanghai Containerized Freight Index edged lower.

The latest container freight readings point to a change in market momentum, with Transpacific gains slowing considerably while Asia-Europe rates continue to fall. Global benchmarks also moved lower. Drewry’s World Container Index (WCI) and the Freightos Baltic Index (FBX) both declined 1%, while the Shanghai Containerized Freight Index (SCFI) edged lower. The China Containerized Freight […] The post Transpacific gains slow as Europe rates slide appeared first on Container News.