The composite Shanghai Containerized Freight Index (SCFI) waned 1.1% from the previous week to 972.45 points in Week 20, which has remained on a downward trend for four weeks in a row, according to the Shanghai Shipping Exchange (SSE).

The SCFI is an indicator for spot rates for container exports from Shanghai that do not include terminal handling charges (THC), which was set at 1,000 points on Oct. 16, 2009.

Spot rates for container exports from Shanghai went down 0.1% to $869 per TEU on the route to Europe, up 0.2% to $1,628 per TEU to the Mediterranean, down 4% to $1,329 per FEU to the west coast of North America and down 0.7% to $2,365 per FEU to the east coast of North America.

On north-south routes, ex-Shanghai spot rates fell 4.8% to $1,265 per TEU to the Middle East Gulf; in contrast, they surged 24% to $279 per TEU to Australia and New Zealand and hiked a more moderate 2.8% to $2,009 per TEU to South America. There were favorable fluctuations in general, as spot rates for containers to Africa were also slightly improved.

In intra-Asia waters, spot rates for shipments from Shanghai were sluggish on the trade to South Korea, sliding 2.8% to $140 per TEU, but minutely increased on that to Southeast Asia, rising 0.6% to $174 per TEU. Rates remained unchanged on the routes to Japan’s Kansai and Kanto at $321 per TEU and $329 per TEU, respectively.




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