News
The latest KOBC Container Composite Index (KCCI) quoted 1,829 points on Monday, Korea Ocean Business Corp. (KOBC) announced on the same day. The composite index turned upward, going up 3.16% from a week earlier due to double-digit increases in spot rates for container exports from Busan to the U.S.
On the main lanes, the individual KCCIs jumped 10.39% to 2,529 points to the U.S. West Coast and 10.48% to 3,575 points to the U.S. East Coast. The KCCIs grew 1.92% to 2,288 points to Australia but fell 2.73% to 3,031 points to the Mediterranean.
On the non-main lanes, the KCCI increased 0.62% to 3,261 points to West Africa. In contrast, the KCCIs decreased 0.27% to 2,219 points to the Middle East, 1.28% to 1,772 points to Australia, 8.43% to 2,226 points to the east coast of Latin America, 0.27% to 1,873 points to the west coast of Latin America and 3.77% to 3,035 points to Southern Africa.
In the intra-Asia waters, the KCCIs picked up 6.15% to 259 points to Japan, levelled off at 49 points to China and slid 0.26% to 1,162 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.
