Shanghai Index jump reflects in transpacific rate hike
Key Takeaways:
- The Shanghai Containerized Freight Index increased on Friday.
- The increase reflects a general rate hike proposed by the Transpacific Stabilization Agreement (TSA).
- TSA suggests a further rate increase for May 1st.
- The rate increases apply to 15 TSA member companies.
Key takeaways sponsored by SONAR
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The Shanghai Containerized Freight Index rose on Friday, reflecting a general rate increase suggested by the Transpacific Stabilization Agreement for March 15. TSA is recommending another increase May 1 for its 15 members.
