Reported 7 months ago
US freight rates increased, boosting the Shanghai Containerized Freight Index (SCFI) by 6.1% to 3,379.22 points on June 14, marking a ten-week continuous rise. The strikes in the US and Europe have raised concerns, leading to speculations that shippers are advancing their shipments, with some cargo shifting towards the US West Coast. Factors such as congested ports and worker demands for wage increases in Europe are contributing to the rise in shipping rates, impacting global trade sentiments.
Source: YAHOO