News
The latest KOBC Container Composite Index (KCCI) stood at 1,698 points on Monday, up 0.35% from its previous value on Sept. 29, Korea Ocean Business Corp. (KOBC) announced on the same day. The index turned upward after decreasing for three consecutive terms.
On the east-west trades, the individual KCCIs picked up 8.92% to 2,040/FEU to the U.S. West Coast, 1.21% to 2,925/FEU to the U.S. East Coast and 1.98% to 1,955/FEU to Europe but fell 1.63% to 2,232/FEU to the Mediterranean.
On the north-south routes, the KCCIs rose 0.48% to 2,529/FEU to Australia and 7.26% to 2,334/FEU to the west coast of Latin America but decreased 3.93% to 3,007/FEU to the east coast of Latin America, 5.37% to 3,735/FEU to Southern Africa and 7.34% to 3,575/FEU to West Africa.
In the intra-Asia waters, the KCCI slid 2% to 49/FEU to China, 3.23% to 210/FEU to Japan and 5.02% to 833/FEU 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.
