The success of the transpacific box-carriers' May rate increases was confirmed by a 10.4% increase in the Shanghai Containerised Freight Index (SCFI) for the week ending 7 May.

According to SCFI figures, all-in spot rates on services from Shanghai to the US east coast jumped US$333 to $3,508 per 40ft container, while rates to the west coast were up $289 to $2,395 per 40ft, compared with the previous week.