25.03.11KCCI Decreases 7.88% in Week 10

The KOBC Container Composite Index (KCCI) closed at 2,140 points in Week 10, Korea Ocean Business Corp. (KOBC) announced last Friday. The composite index decreased 7.88% from the previous week as the individual indices for spot rates for container exports from Busan to the U.S. decreased a notable 14%.

On the main lanes, the KCCIs plunged 14.28% to 2,833 points to the U.S. West Coast and 14.9% to 3,736 points to the East Coast. The indices increased 1.34% to 2,943 points to Europe but fell 0.51% to 3,911 points to the Mediterranean.

On the non-main lanes, the KCCIs stood at 2,328 points to the Middle East, up 2.96%; 2,416 points to the west coast of Latin America, down 9.1%; 3,398 points to the east coast of Latin America, down 8.95%; 2,317 points to Australia, down 10.33%; 3,526 points to Southern Africa, down 7.45%; and 3,660 points to West Africa, down 4.71%.

Within Asia, the KCCIs improved 1.04% to 1,169 points to Southeast Asia, stayed flat at 49 points to China and waned 0.4% to 248 points to Japan.

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.