KOBC Container Composite Index (KCCI)

KOBC Container Composite Index jumps, Busan-US spot rates surge

The Korea Ocean Business Corporation (KOBC) announced that the latest KOBC Container Composite Index (KCCI) stood at 3,480 points, reflecting a 4.41% increase from the previous week.

According to the Japan International Freight Forwarders Association (JIFFA), the rise was driven primarily by higher spot rates for container exports from Busan, particularly on the US trade lanes.

On the main routes, the KCCI surged 13.44% to 5,429 points for the US West Coast and 9.13% to 6,467 points for the US...

https://container-news.com/kobc-container-composite-index-jumps-busan-us-spot-rates-surge/

Ex-Busan container rate index shows downward trends

The KOBC Container Composite Index (KCCI) closed at 1,255 points on 20 November, according to Korea Ocean Business Corp. (KOBC).

The index fell 0.55% from the previous week and has stayed on the decline for two back-to-back weeks.

Freight rates for container exports from South Korea’s Port of Busan went down 4.83% to US$1,814 per FEU to the US West Coast, down 1.03% to US$2,398 per FEU to the US East Coast, down 1.82% to US$1,731 per FEU to the Mediterranean and up 1.78% to US$1,198 per FEU to...

https://container-news.com/ex-busan-container-rate-index-shows-downward-trends/

Ex-Busan export container rates increase

KOBC Container Composite Index (KCCI) reached 1,284 points on 6 October, growing 7.09% from the previous week and continuing to increase for three weeks in a row.

Freight rates for container exports from Busan rose on almost all trade lanes except those to Japan and China.

KOBC also unveils indices for per-FEU spot rates on the 13 major trade routes from Busan, including those to North America and Europe. The index is the weighted average of indices on the 13 routes, which represent spot rates...

https://container-news.com/ex-busan-export-container-rates-increase/

KOBC develops container trade freight index on sea routes from Korea

South Korean ship finance institution Korea Ocean Business Corporation (KOBC) is piloting a container freight index to provide a guideline on the costs of moving goods from Busan, the country’s main container port.
Planning for the KOBC Container Composite Index (KCCI) began back in July 2020, when freight rates began ascending rapidly because of Covid-19-related logistical bottlenecks.
KOBC said: “As a result of analysing data accumulated for more than a year, meaningful …

The post KOBC...

https://theloadstar.com/kobc-develops-container-trade-freight-index-on-sea-routes-from-korea/