Ex-China box rates dwindle in face of Lunar New Year

Freight rates for exporting containers from China fluctuated mildly on many trades in the week of 13 January, as the shipment rush before Lunar New Year ends, Japan International Freight Forwarders Association (JIFFA) reports.

The Shanghai Shipping Exchange (SSE) recently announced the Shanghai Containerized Freight Index (SCFI) for the week in question declined 0.1% from the previous week to 981.19 points.

On the container trade to Europe, supply and demand were well balanced. Resulting from the...

https://container-news.com/ex-china-box-rates-dwindle-in-face-of-lunar-lew-year/

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