• ITVI.USA
    15,411.130
    -4.180
    0%
  • OTLT.USA
    2.740
    -0.021
    -0.8%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,375.870
    -11.650
    -0.1%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,411.130
    -4.180
    0%
  • OTLT.USA
    2.740
    -0.021
    -0.8%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,375.870
    -11.650
    -0.1%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American ShipperShipping

SCFI slips 6.8%

The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index fell 6.8 percent since last week’s reading of 680.53 to a reading of 634.54.

   The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index fell 6.8 percent since last week’s reading of 680.53 to a reading of 634.54.
   Rates from Shanghai to Northwest Europe and the Mediterranean both tumbled since last week, illustrating how general rate increases on these trades are not generating a positive impact.
   Since last week, rates from Shanghai to Northwest Europe fell 10.5 percent, from $861 per TEU to $771 per TEU. Rates from Shanghai to the Mediterranean tumbled 19.2 percent, from $865 per TEU to $699 per TEU.
   Container lines are also beginning to reveal their quarterly results, which have been drastically hindered by the low freight rates. Maersk Line posted a loss of $151 million for the second quarter, while Hapag-Lloyd posted a second quarter loss of $110.9 million. Meanwhile, OOCL’s parent company, OOIL, reported a $57 million loss for the first half of the year.

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