SCFI declines 1.9%

Rates from Shanghai to Europe declined 4.7 percent since last week, from $859 per TEU to $819 per TEU, while rates from Shanghai to the Mediterranean fell 4.3 percent, from $838 per TEU to $802 per TEU.

U.K. port volumes slide 3% in 2016

Major seaports in the United Kingdom handled 117.2 million metric tons of freight in the fourth quarter of 2016 and 473.5 million metric tons for the full year, according to preliminary figures released by the U.K. Department for Transport.