Freight rates rise on Transpacific as Europe weakens

Container freight markets showed contrasting regional trends in the latest readings, with several indicators pointing to stronger Transpacific rates while Europe and the Mediterranean faced broader downward pressure. China’s main export freight indexes also moved higher overall, reinforcing a relatively firm headline picture despite significant differences between individual trade lanes. Chinese export indexes move higher The Shanghai Containerized Freight Index (SCFI) increased approximately 2. 9% to 3,509. 54 points on 28 August.