News
The latest KOBC Container Composite Index (KCCI) quoted 2,693 points, Korea Ocean Business Corp. (KOBC) announced on Monday. Spot rates for container exports from Busan declined on most trade lanes, forcing the composite index to fall 3.86% from a week earlier.
The individual KCCIs slid across the board on the main lanes from Busan, doing down 5.62% to 4,299 points to the U.S. West Coast, 6.98% to 5,460 points to the U.S. East Coast, 4.84% to 3,320 points to Europe and 3.6% to 4,343 points to the Mediterranean.
On the non-main lanes, the KCCI jumped 13.55% to 2,480 points to the west coast of Latin America. However, the KCCIs fell 1.48% to 4,122 points to the east coast of Latin America, 0.65% to 2,288 points to the Middle East, 6.71% to 3,186 points to Australia, 4.35% to 4,020 points to Southern Africa and 0.05% to 3,938 points to West Africa.
In the intra-Asia waters, the KCCIs rose 13.27% to 256 points to Japan, remained unchanged at 49 points to China and waned 0.59% to 1,179 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.
