News
The market for container exports from China was adversely impacted by stagnant logistics in Week 22, although Shanghai's lockdown has been lifted. The composite Shanghai Containerized Freight Index (SCFI), an index for spot rates applied to container exports from the Port of Shanghai that do not include terminal handling charges (THCs), improved 0.8% from the previous week to 4,208.01 points, staying on the rise for three weeks in a row, according to the Shanghai Shipping Exchange (SSE). The indices went down for shipments destined to North America and Europe but increased for those to the Middle East Gulf and South America, which contributed to the growth of the composite index.
