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No happy new year for shippers as rates on significant trade lanes stay sky high

The final Shanghai Containerized Freight Index (SCFI) for 2020, published on 31 December, recorded a staggering 190% gain on the year. The biggest spot rate increase on its major trade lanes was recorded between Asia and North Europe, which saw the SCFI component leap by almost 300% to finish the year at $4,091 per TEU.

Source: The Loadstar