Vespucci Maritime CEO Lars Jensen said in a Baltic Exchange report that the alliance reshuffling is expected to result in short-term overcapacity in February.
Select a CN Premium Subscription Package To Unlock The Content!
https://container-news.com/rapid-rate-declines-expected-in-february/
Shanghai container futures trades suggest that Asia-Europe freight rates could fall further in 2025, after appearing to have peaked now.
On 5 August, the index points of the EC2408 (August contract) closed at 5,627, while the EC2410 (October contract) closed at 3,585 points, losing 3% and 9%, respectively, from 29 July. The EC2504 (April 2025 contract) stood at 1,961 points, while the EC2506 (June 2025 contract) stood at 1,955 points, down 5% and 6%, respectively, from 29 July.
On 2 August, the Sh...
https://container-news.com/futures-show-more-downside-to-freight-rates-in-2025/
The Shanghai Containerised Freight Index surged by 40% on 29 December 2023, as liner operators hiked rates in response to the capacity crunch resulting from Red Sea diversions.
That day, the SCFI closed at 1,760 points, up from 1,255 points the previous week, a jump that has only occurred four times since the global financial crisis in 2009.
Shanghai-North Europe rates jumped 80% to US$2,694/TEU; Shanghai-Mediterranean rates gained 70% to US$3,491/TEU; Shanghai-US West Coast rates grew by nearly...
https://container-news.com/scfi-soars-40-on-growing-cape-detours/
China’s export container transport index increased in the week ending Nov. 10, reports Xinhua News quoting Shanghai Shipping Exchange.
The average China Containerized Freight Index (CCFI) rose 1.9 percent from the previous week to 843.77, the shipping exchange said.
The sub-reading for the Persian Gulf/Red Sea service rose 6.1 percent from a week earlier.
Going against the trend, the sub-index for the West America service registered a decrease of 1.5 percent week on week.
The CCFI tracks spot and...
https://mfame.guru/china-weekly-export-container-shipping-index-grows/
The composite China Containerized Freight Index (CCFI) stood at 811.5 points in Week 43, which fell 0.7% from the previous week and has kept on the decline for eight weeks in a row, according to the Shanghai Shipping Exchange (SSE).
In contrast, the composite Shanghai Containerized Freight Index (SCFI) surged 10.3% to 1,012.6 points, which has been on the rise for three weeks running and returned to the 1,000-point line.
On individual east-west trade lanes, the CCFIs stayed flat at 939.27 points...
https://container-news.com/ccfi-down-for-six-weeks-running-scfi-increases/
According to the Shanghai Shipping Exchange (SSE), the Shanghai Containerized Freight Index (SCFI) increased 1% from the previous week to 1,039.32 points, continuing a two-week rising trend.
Spot pricing for container exports from Shanghai to North America was favourable, notwithstanding persistent pressure on shipping capacity supply caused by labour-management issues at ports on Canada’s west coast and draft limitations at the Panama Canal.
Ex-Shanghai spot rates declined 2.9% to US$947 per TEU...
https://container-news.com/scfi-rises-for-second-consecutive-weeek-as-north-america-rates-increase/
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/
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/
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,...