Freight rates continue to rise due to the container shortage and the economic pull of the USA
The Valencia Containerised Freight Index (VCFI) continues its upward trend and grew by 9.19% in July. It stands at 427,43 points, the highest figure since the start of the series in January 2018. The idle fleet stands at 51 vessels, with a total of 161,821 TEUs, representing 0.7% of the total active fleet. The VCFI …