The composite Shanghai Containerized Freight Index (SCFI) closed at 1,012.6 points in Week 43, surging 10.3% from the previous week and remaining on an upward trend for the third week in a row, while the index exceeded the 1,000-point line for the first time since early September.
Shipping capacity adjustments by carriers caused more significant space shortages on the trade lanes to North America, South America, Australia and elsewhere.
On east-west routes, spot rates for container exports from...