CONTAINER shipping rates are recovering since the collapse at the end of August of South Korea’s Hanjin Shipping, according to data from the Shanghai Shipping Exchange (SSE).
As of December 21, the Shanghai Containerized Freight Index (SCFI), which tracks spot rates of shipping containers, stood at 824, up 26 points from the previous week. Since August 31, the day Hanjin announced it would enter receivership, the SCFI has gained 228 points or 38.3 percent.
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