News
The composite Shanghai Containerized Freight Index (SCFI) stood at 3,662.18 points in Week 37, up 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 down 3.7% to $2,545 per TEU to Europe and down 4.2% to $3,299 per TEU to the Mediterranean but up 1.4% to $7,339 per FEU to the west coast of North America, and up 1.5% to $10,479 per FEU to the east coast of North America.
On the north-south routes, ex-Shanghai container spot rates were down 0.2% to $3,949 per TEU to East and West Africa and down 4.4% to $8,555 per TEU to South America but up 2.9% to $6,311 per TEU to the Middle East Gulf, up 24.3% to $2,755 per TEU to Australia and New Zealand, and up 1.6% to $2,917 per TEU to Southern Africa.
Within Asia, containers were exported from Shanghai to Southeast Asia at $1,010 per TEU, up 20.4%; to South Korea at $366 per TEU, up 47.6%; to Kansai, Japan at $328 per TEU, up 2.8%; and to Kanto, Japan at $366 per TEU, up 2.4%.
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.
