News
The composite Shanghai Containerized Freight Index (SCFI) quoted 1,451.38 points in Week 46, down 2.9% from the previous week as spot rates for container exports from Shanghai decreased on the trades to North America, South America and Africa. Supply and demand were not balanced as the slack season has set in.
On the east-west trades, spot rates for ex-Shanghai container exports stood at $1,417 per TEU to Europe, up 7.1%; $2,029 per TEU to the Mediterranean, unchanged; $1,823 per FEU to the west coast of North America, down 17.6%; and $2,600 per FEU to the east coast of North America, down 8.7%.
On the north-south routes, ex-Shanghai container spot rates picked up 2% to $1,805 per TEU to the Middle East Gulf and 7.8% to $1,745 per TEU to Australia and New Zealand. On the other hand, rates fell 22.1% to $1,691 per TEU to South America, 5.7% to $2,626 per TEU to Southern Africa and 2.2% to $3,645 per TEU to East and West Africa.
Within Asia, containers were exported to Southeast Asia at $531 per TEU, up 3.7%; $141 per TEU to South Korea, up 2.2%; $312 per TEU to Kansai, Japan, unchanged; and $321 per TEU to Kanto, Japan, unchanged.
The SCFI represents spot rates for container exports from Shanghai that do not include terminal handling charges (THCs), which was set at a baseline 1,000 points in 2028.
