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After months of concentrated cargo surges and capacity crunches, the global container shipping market is entering a new phase of rebalancing. The latest Shanghai Containerized Freight Index (SCFI) has declined for the second consecutive week, with transpacific rates to the US West Coast dropping mor
SCFI rates fell for the sixth week, with U.S. routes down over 17%. Europe routes face "rate inversion," and March rate hikes show limited impact. Further hikes are expected in April-June, potentially stabilizing rates.
