Markets diverge: another fall in transpacific amid Asia-Europe gains
- SCFI Shanghai-US west coast index drops 18% vs last week; Shanghai-US east coast index falls 9%
- SCFI Shanghai-North Europe index rises 7% week on week; Shanghai-Med index remains flat
- Ships arriving in Rotterdam, Antwerp and Hamburg face high waiting times
Container trades to the US are suffering from seasonal weakness compounded by rising inflation. Trades to Europe are holding up better, with port congestion continuing to support rates
