24.06.19KCCI Rises for 9 Weeks Running

The latest KOBC Container Composite Index (KCCI) stood at 4,306 points on Monday, according to Korea Ocean Business Corp. (KOBC). The composite index rose 6.51% from a week earlier and has continued to swell for nine weeks in a row, as spot rates for container exports from Busan increased on all of the trade lanes from the South Korean port.

On the east-west routed, the individual KCCIs grew 7.84% to 6,422 points to the U.S. West Coast, 6.23% to 7,552 points to the U.S. East Coast, 6.07% to 6,549 points to Europe and 5.51% to 6,881 points to the Mediterranean.

The KCCIs improved across the board on the north-south trade lanes as well, going up 8% to 4,051 point to the Middle East, 5.62% to 2,573 points to Australia, 5.57% to 8,260 points to the east coast of Latin America, 7% to 6,806 points to the west coast of Latin America, 7.63% to 7,139 points to Southern Africa and 4.04% to 8,438 points to West Africa.

The KCCIs were steady in the intra-Asia waters, too, swelling 2.22% to 46 points to China, 2.74% to 225 points to Japan and 9.34% to 855 points to Southeast Asia.

KOBC unveils the comprehensive and individual KCCIs 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 individual indices, which reflect container movement and other factors on the 13 trades.