Container spot rates reach milestone point

After almost six months or 25 straight weeks of falls, container spot rates out of Shanghai managed to put a halt and increase as 2010 came to an end. According to the Shanghai Containerized Freight Index, rates were upwards for all destinations, including the main trading lanes to Europe and US West Coast. Following a 29% drop on average spot rates, the index rose 4% during the 52nd week of 2010.
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Source: Hellenic Shipping News