News
The latest KOBC Container Composite Index (KCCI) stood at 2,801 points, Korea Ocean Business Corp, (KOBC) announced earlier this week. Spot rates for container exports from Busan mostly decreased, as those for Japan increased and for China stayed flat, urging the composite index wane 5.08% from a week earlier.
On the main lanes, the individual KCCIs quoted 4,555 points to the U.S. West Coast, down 1.04%; 5,870 points to the U.S. East Coast, down 2.64%; 3,489 points to Europe, down 11.22%; and 4,505 points to the Mediterranean, down 7.17%.
On the non-main lanes, the KCCIs came to 2,303 points to the Middle East, down 3.32%; 3,415 points to Australia, down 9.89%; 4,184 points to the east coast of Latin America, down 9.44%; 2,184 points to the west coast of Latin America, down 4.67%; 4,203 points to Southern Africa, down 7.71%; and 3,940 points to West Africa, down 3.48%.
Within Asia, the KCCIs picked up 0.89% to 226 points to Japan, levelled off at 49 points to China and fell 3.42% to 1,186 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.
