Global Shipping Rates Plummet to 10-Year Low, Shipping Industry on High Alert
Global shipping rates have shown their steepest decline in a decade, deepening concerns within the domestic shipping industry. According to statistics from the National Logistics Information Center on Sept. 24, the Shanghai Containerized Freight Index (SCFI), which aggregates freight rates for 15 container shipping routes, plummeted to 1,198.21 as of Sept. 19, a 14.3% drop …
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