China Containerized Freight Index (CCFI)

Global Freight Monitor: Losing steam but hope remains

The Shanghai Containerised Freight Index (SCFI) steadied and posted a 0.1% w-o-w decline, while China Containerized Freight Index (CCFI) was up 0.3% and World Container Index (WCI) was up 1%.

The rally in freight rates since late April appears short-lived as demand has not yet materially picked up. However, consumption has been resilient, lending hope for a potential restocking-led demand recovery in the second half of the year.

Transpacific carriers have announced a General Rate Increase (GRI)...

https://container-news.com/global-freight-monitor-losing-steam-but-hope-remains/

Shanghai Composite Index falls into triple digits

The Shanghai Containerized Freight Index (SCFI) issued after Chinese New Year 2023 saw the index fall into the triple digits, closing at US$995 for the week ending 10 February 2023.

This was a level last annexed in January 2020, the opening days of the pandemic phase. However, that wasn’t a first. These levels were seen in 2012, 2015 and 2017, indicating that the spot rates at least have now hit pre-pandemic levels.

The manufacturing struggle in China is still imminent as the latest figures for...

https://container-news.com/shanghai-composite-index-falls-into-triple-digits/

Shanghai Composite Index hit three year low as spot rates register minor fall

The Shanghai Containerized Freight Index (SCFI) succumbed to a three year low, depreciating 2.3% this week to end at US$1,006, just a tad above the three digits quote.

Its counterpart on the Shanghai Shipping Exchange (SSE), the China Containerized Freight Index (CCFI) witnessed a stronger 4.4% fall for the week touching US$1,110, its lowest level since November, 2020. Surprisingly the CCFI was driven downwards more by the relatively larger dips in trade lane figures between China-Japan,...

https://container-news.com/shanghai-composite-index-hit-a-three-year-low-as-spot-rates-register-minor-fall/

SCFI crosses the US$4,000/TEU mark for the first time in history

The Shanghai Containerized Freight Index (SCFI) has exceeded the US$4,000/TEU point for the first time in history on 16 July, reaching 4,054.42 points, marking a 3.1% increase from the previous week and a week-on-week increase for the 10th week in a row.

SCFI, provided by Shanghai Shipping Exchange (SSE), has achieved several records in 2021, while in May it crossed the US$3,000/TEU milestone for the first time, and in the last week, the index marked its new all-time high.

Additionally, SSE has...

https://container-news.com/scfi-crosses-the-us4000-teu-mark-for-the-first-time-in-history/

CCFI: Flat in the past week – Up in August

China’s index of export container transport remained flat for the past week, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) stood at 823.83, the same as a week earlier, according to the exchange.

The sub-index for Australia/New Zealand service led the increase with a week-on-week growth of 6.7 percent, followed by those for west coast America and the Persian Gulf/Red Sea routes, which edged up 3.3 percent and 2.1 percent, respectively, from the...

https://container-news.com/ccfi-flat-past-week-up-august/

China’s weekly export box shipping index dips

China’s index of export container transport dipped for the week ending Friday, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) stood at 833.29, slightly down from 833.56 a week earlier, according to the exchange.

The sub-index for Korea service led the increase with a week-on-week growth of 7.5 percent, followed by those for the Europe and Persian Gulf/Red Sea routes, which rose 1.7 percent and 1.5 percent, respectively, from the previous week.

Read...

https://container-news.com/china-weekly-export-box-shipping-index-dips/

CCFI edges down

China’s index of export container transport edged down for the week ending Friday, August 9, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) stood at 817.64, down 0.7 percent from a week earlier, the exchange said.

The sub-index for Korea service led the fall by dropping 3.2 percent from the previous week, followed by Persian Gulf/Red Sea service and W/C America service, which declined 2.7 and 2.3 percent, respectively.

Read more on Xinhua.

The...

https://container-news.com/ccfi-edges-down/

CCFI slightly down

China’s index of export container transport edged down for the week ending Friday, August 3, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) stood at 822.99, down 0.1 percent from a week earlier, the exchange said.

The sub-index for Persian Gulf/Red sea service led the fall by dropping 3.8 percent from the previous week, followed by that for Mediterranean and South Africa route, which declined 2.2 and 2 percent, respectively.

Read more on Xinhua.

T...

https://container-news.com/ccfi-slightly-down/

China weekly export box shipping index edges up

China’s container transport for export purposes increased for the week ending Friday, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) stood at 811.44, up 2 percent from a week earlier, the exchange said.

The sub-index for South Africa service rallied by 11.2 percent to 572.08 week on week, while that for Korea service declined 4.4 percent to 582.35.

Read more on Xinhua.

The post China weekly export box shipping index edges up appeared first on Conta...

https://container-news.com/china-weekly-export-box-shipping-index-edges-up/

CCFI climbed last week

China’s container transport for export purposes edged up for the week ending Friday, May 17,, according to the Shanghai Shipping Exchange.

The average China Containerized Freight Index (CCFI) stood at 804.46, up 1.6 percent from a week earlier, the exchange said.

The sub-index for the U.S. east coast route led the increase by a week-on-week growth of 6.3 percent, while that for the South America route led the fall by dropping 3.6 percent.

Read more on Xinhua.

The post CCFI climbed last week...

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