News
The composite Shanghai Containerized Freight Index (SCFI) quoted 3,687.35 points in Week 44, up 0.2% from the previous week, according to the Shanghai Shipping Exchange (SSE).
On the east–west trades, spot rates for container exports from Shanghai were up 0.8% to $2,370 per TEU to Europe and up 2.9% to $3,350 per TEU to the Mediterranean but down 0.6% to $7,479 per FEU to the west coast of North America and down 1.8% to $10,199 per FEU to the east coast of North America.
On the north-south routes, ex-Shanghai rates were up 13.6% to $4,768 per TEU to Southern Africa, ,up 3% to $4,411 per TEU to East , and up 0.5% to $6,533 per TEU to the Middle East Gulf but down 0.6% to $2,526 per TEU to Australia and New Zealand and down 13.5% to $4,371 per TEU to South America.
Within Asia, containers were exported from Shanghai to Southeast Asia at $1,164 per TEU, up 1.6%; to Kansai, Japan at $328 per TEU, up 0.6%; to Kanto, Japan at $335 per TEU, unchanged; and to South Korea at $351 per TEU, down 6.6%.
The SCFI represents spot rates for container exports from Shanghai that do not include terminal handling charges (THCs), which was set at a baseline of 1,000 points on Oct. 16, 2009.
