Last updated on November 6, 2020
Shipping rates between China and the US and Europe nearly doubled in the past six months as overseas demand picked up amid coronavirus-induced disruptions to overseas manufacturing sectors and as Christmas holiday season draws closer which brings strong foreign demand.
According to the Shanghai Shipping Exchange, Shanghai Containerized Freight Index (SCFI) stood at 1529.99 on October 30, marking a new high in eight years and surging 83 per cent from the average reading in May . . .
To continue reading, please subscribe. You will get
- THE WIRE - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilizing a network of journalists, traders, brokers, analysts, etc. Here are some screenshots of the wire updates.
- IN-DEPTH & DATA-DRIVEN reporting on China's economy, policy and financial markets.
- DETAILS - We bring you important details that you won't find elsewhere.
- WEEKLY NEWSLETTER with Editors' Picks
GRAB OUR CHRISTMAS OFFER. Starting from $9.9 !
Already have an account? Sign In