News
The latest KOBC Container Composite Index (KCCI) stood at 2,178 points on Monday, according to Korea Ocean Business Corp. (KOBC). Spot rates for container exports from Busan increased on most of the trade lanes from the port, lifting the index 4.01% from a week earlier.
On the main lanes, the individual KCCIs were steady to the U.S., rising 4.45% to 2,467 points to the West Coast and 6.57% to 3,406 points to the East Coast. On the other hand, the indices fell 2.65% to 2,646 points to Europea and 4.26% to 3,739 points to the Mediterranean.
On the non-main lanes, the KCCIs were bearish to Australia and Southern Africa, which declined 0.59% to 1,509 points and 0.8% to 2,984 points, respectively. In contrast, the indices hiked 15.15% to 6,211 points to the Middle East, the highest points of all; 3.79% to 3,148 points to the east coast of Latin America; 7.11% to 3,089 points to the west coast of Latin America; and 1.02% to 4,068 points to West Africa.
Within Asia, the KCCIs were up 4.49% to 1,070 points to Southeast Asia, 1.72% to 59 points to China, and 3.36% to 246 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.
