News
The KOBC Container Composite Index (KCCI) closed at 1,255 points on Monday, according to Korea Ocean Business Corp. (KOBC). The index fell 0.55% from the previous week and has stayed on the decline for two back-to-back weeks.
Freight rates for container exports from the Port of Busan went down 4.83% to $1,814 per FEU to the U.S. West Coast, down 1.03% to $2,398 per FEU to the U.S. East Coast, down 1.82% to $1,731 per FEU to the Mediterranean and up 1.78% to $1,198 per FEU to Europe.
On north-south trade lanes, ex-Busan freight rates were down 0.69% to $1,588 per FEU to the Middle East, up 3.7% to $1,372 per FEU to Australia, up 6.9% to $2,757 per FEU to the east coast of South America, up 2.26% to $1,761 per FEU to southern Africa and up 0.83% to $2,069 per FEU to western Africa.
In the intra-Asia waters, freight rates for containers from Busan went up 1.88% to $271 per FEU to Southeast Asia, down 0.51% to $197 per FEU to Japan and down 3.23% to $30 per FEU to China.
