Intra-Asia rates have been kept elevated by high bunker prices, even though cargo volumes have been flat since the Chinese New Year in February.
The Shanghai Containerised Freight Index on Friday showed Shanghai-South-east Asia rate averaged $528 per teu, up from $515 the previous week, and up 18% year on year.
The Shanghai-Busan rate averaged $162 per teu, up from $162 the previous week, also up 18% from a year ago.
In comparison, …
The post Carrier surcharges drive up intra-Asia rates ‘to maintain profits’ appeared first on The Loadstar.
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