News
The latest KOBC Container Composite Index (KCCI) quoted 3,480 points on Monday, Korea Ocean Business Corp. (KOBC) announced on the same day. The composite index hiked 4.41% from a week earlier as spot rates for container exports from Busan notably increased on the U.S. trade.
On the main lanes, the individual KCCIs rose 13.44% to 5,429 points to the U.S. West Coast and 9.13% to 6,467 points to the U.S. East Coast. On the other hand, the KCCIs fell 2.74% to 5,283 points to Europe and 0.05% to 5,614 points to the Mediterranean.
On the non-main lanes, the KCCIs slid 0.4% to 2,482 points to the Middle East and 1.49% to 4,908 points to Southern Africa. In contrast, the KCCIs improved 1.41% to 4,387 points to Australia, 1.36% to 5,951 points to the east coast of Latin America, 3.95% to 3,451 points to the west coast of Latin America and 1.62% to 4,577 points to South Africa.
Within Asia, the KCCIs climbed 11.36% to 49 points to China and 7.17% to 254 points to Japan but waned 0.31% to 1,273 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 movements and other factors on the 13 trades.
