Trans-Pacific box trade recovery gathers pace
by
Janet Porter, London
—
last modified
May 17, 2010 10:08 AM
FURTHER evidence of container shipping’s recovery emerged last week, with a sharp jump in the trans-Pacific element of the Shanghai Container Freight Index.
The China-US west coast component has climbed almost US$300 per 40 ft box over the past fortnight to US$2,395, while the rates to the US east coast are up by US$333 per feu.
This latest signal that the rebound is...
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