SCFI index Archives - Maritime Shipping News

Asia-Europe Rates To Go Below $10,000 Over Forwarders Bidding War

18 January 2021

According to a LoadStar article written by Mike Wackett, major forwarders are engaged in fierce bidding wars in China, in order to secure equipment and space to North Europe.

And several carriers are reported to have opened first- and second-round tenders with the highest bidders for guaranteed shipment this month.

Bidding War in China

According to Chinese forwarder contacts, carriers are inviting offers for available slots on end-January sailings from Shanghai, Ningbo, Qingdao and Yantian, with...

https://mfame.guru/asia-europe-rates-to-go-below-10000-over-forwarders-bidding-war/

Rates Not a Concern To Shippers! Desperate To Get Their Exports To Market

5 March 2020

Rates hold steady as shippers prioritise getting exports to market and the comprehensive index of the SCFI edged down just 1.3% this week.
Trend shows for now, rates are less important to shippers desperate to get their exports to market.
Manufacturing in China is recovering from the coronavirus outbreak lockdowns, still container transport reports “scarce and expensive”.
CMA CGM announced a $500 increase on its FAK rate from Asia to North Europe to $2,500 per 40ft and a PSS of $300 per...

http://mfame.guru/rates-not-a-concern-to-shippers-desperate-to-get-their-exports-to-market/

Boom in Containership Charter Rates Dwindles Due To Slow Season

28 October 2019

Average daily charter hire rates had soared by 40% since January, while during the same period SCFI slumped by 25%.
51 container vessels undergoing retrofitting in shipyards around the world will be back in service by December.
Hire rates have soared to around $15,000 a day for 4,000-5,000 teu ships – three times higher than the market rate 18 months ago.

According to an article published in The Loadstar, the scrubber-charged spike in containership charter rates could be coming to an end.

Battli...

http://mfame.guru/boom-in-containership-charter-rates-dwindles-due-to-slow-season/

Container Spot Rates Tumble Lowering the SCFI Index

13 October 2019

Shanghai Containerized Freight Index (SCFI) saw container spot rates tumble across the board on September 20, reports The Loadstar.

This resulted in the SCFI comprehensive index losing a further 4.1% points to 734, which is some 18% below the level of a year ago.

Rate decline at major tradelanes

The two major tradelanes, Asia, Europe, and the transpacific, both suffered rate declines due to negative market fundamentals, as a very disappointing third quarter draws to a close for ocean carriers.

Spot...

http://mfame.guru/container-spot-rates-take-a-hit-putting-the-scfi-index-extremely-low/