10
Mar

Global shipping industry faces volatility as tariffs and trade policies disrupt markets

Global shipping rates have experienced sharp fluctuations over the past year. The Shanghai Containerized Freight Index (SCFI), a key benchmark for tracking spot rates on container shipments from Shanghai to major global ports, peaked at 3,733.8 in early July before plunging to the low 2,000s within three months. It then rebounded to around 2,500 by …