News
The latest KOBC Container Composite Index (KCCI) stood at 2,717 points on Monday, up 4.26% from a week earlier, according to Korea Ocean Business Corp. (KOBC). The index has remained on the rise for four weeks in a row.
Looking at individual trade lanes, the KCCIs were robust on the east-west lanes. They went up 2.92% to 4,132 points to the U.S. West Coast, 2.72% to 5,206 points to the U.S. East Coast, 4.75% to 4,033 points to Europe and 4.42% to 4,394 points to the Mediterranean.
On the north-south routes, the KCCIs increased 1.11% to 3,098 points to the Middle East, 2.7% to 1,749 points to Australia, 8.71% to 5,478 points to the east coast of South America, 5.49% to 4,285 points to the west coast of South America, 9.06% to 2,744 points to Southern Africa and 9.55% to 2,892 points to West Africa.
Within Asia, the KCCI remained unchanged at 42 points to China and rose 1.01% to 201 points to Japan and 2.76% to 559 points to Southeast Asia.
The KCCI is made up of individual indices for spot rates for container exports from Busan to U.S., Europe and 11 other major destinations that include terminal handling and other charges. The comprehensive index is the weighted average of the 13 spot rates, which reflect container movement and other factors on the 13 trades.
