Asia-Europe rates rise sharply ahead of May 1 GRIs

Asia-Europe rates rise sharply ahead of May 1 GRIs
Asia-Europe spot rates rose at the fastest clip in more than a month this week.

Asia-Europe spot rates shot up 16 percent to a three-month high ahead of May 1 general rate increases, according to the latest reading of the Shanghai Shipping Exchange’s SCFI.The rate topped $1,021 per 20-foot equivalent unit,…
Asia-Europe rates rise sharply ahead of May 1 GRIs
Journal of Commerce