Chinese exports continue to drive trade and support intra-Asia rates

Intra-Asia rates continue to be held up by Chinese exports. While a correction in Shanghai-South-east Asia rates was seen last week, other lanes, such as China-Taiwan, have seen a pick-up. The Shanghai Containerised Freight Index on 26 June showed the Shanghai-Singapore rate corrected by $7 from 19 June, to $682 per teu. According to Drewry, on 25 June, Shanghai-Manila rates fell 26% from 18 May, Read full article →