Shanghai Containerized Freight Index (SCFI)

Market panic triggers sharp rate surge

According to the latest analysis of the shipping consultancy Linerlytica, the market panic over tightening vessel space availability has sent the Shanghai Containerized Freight Index (SCFI) to its highest level since September 2022, rising by 18.8% after last week’s holiday break to hit a 20-month high.

Unlike the surge in January, when the rate hikes were largely limited to the Red Sea-affected routes, the gains are more broad-based this time with sharp rate hikes on all long-haul routes on the...

https://container-news.com/market-panic-triggers-sharp-rate-surge/

GRIs fuel container spot prices, reverse the “post-Chinese New Year rate correction”

The Drewry World Container Index (WCI) reported a 16% increase touching US$3,159 stemming an 11-week phase of decline and stability, led primarily by the Gross Rate Increases from carriers.

The primary resurgence was led by rates from Asia- Europe which clocked an upside of 20% ending at US$3,709. This was further supported by rates from Asia-Mediterranean and Asia to the US. While Shanghai-Genoa rates hit US$4,295, appreciating 16%, the Shanghai-Los Angeles trade saw an 18% upswing, ending just...

https://container-news.com/gris-fuel-container-spot-prices-reverse-the-post-chinese-new-year-rate-correction/

SCFI registers two digit jump

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...

https://container-news.com/scfi-registers-two-digit-jump/

Freight rates lose gains after three weeks

Long-haul freight rates have given way to the lack of capacity discipline, as the Shanghai Containerized Freight Index (SCFI) lost ground after three weeks of gains.

On 18 August, Asia-North Europe rates fell to US$852/TEU, down from US$926/TEU the previous week, while Asia-US West Coast rates dipped to US$2,003/FEU, from US$1,507/FEU on 11 August.

Linerlytica said that market sentiment has turned negative again, as recent rate increases have failed to hold, adding, “The setback will make it...

https://container-news.com/freight-rates-lose-gains-after-three-weeks/

Blanked sailings now the norm

Blanked Asia-Europe sailings have become expected in liner operators’ routines, according to Alphaliner’s latest report today (16 August).

Record newbuilding deliveries have made operators reduce sailings to manage capacity and THE Alliance has the largest percentage of skipped schedules.

THE Alliance has blanked just over 10 of its sailings, translating to nearly 20% of sailings that have been skipped. In comparison, the OCEAN Alliance has skipped 10 of its 90-odd voyages, amounting to a...

https://container-news.com/blanked-sailings-now-the-norm/

Transpacific rates rise on Canadian port strike

Transpacific container rates went up again when the Shanghai Containerized Freight Index (SCFI) closed on 14 July, as congestion built up in the US West Coast due to dockers’ strike on the Canadian west coast. Liner operators also blanked sailings in response to bleak demand.

The index showed Asia-US West Coast rates and Asia-US East Coast rates at US$1,771/FEU and US$2,662/FEU respectively, up 26% and 12% from 7 July.

Linerlytica, in a note released on 17 July, said, “Momentum is strong for...

https://container-news.com/transpacific-rates-rise-on-canadian-port-strike/

Container spot indices stem weekly falls momentarility-but too early to say the bottom is found

The Shanghai Containerized Freight Index (SCFI) put a strong weekly reversal to end at 979 points, an appreciation of 5.1% on a weekly basis. Incidentally, this is only the second occasion where the index has registered a 5% weekly increase in rates over the past 26 months.

Its Shanghai Shipping Exchange counterpart the Chinese Containerized Freight Index (CCFI) had no such touchwood moment though, shedding further to 869.9 points on the back of yet another weekly depreciation of 1.17%, led by...

https://container-news.com/container-spot-indices-stem-weekly-falls-momentarility-but-too-early-to-say-the-bottom-is-found/

SCFI rises for first time in four weeks

Shanghai Shipping Exchange (SSE) reported that the composite Shanghai Containerized Freight Index (SCFI) closed at 953.6 points in Week 26.

More specifically, rising 3.2% from the previous week, the composite index increased for the first time in four weeks due to double-digit growth in spot rates from Shanghai to North America.

Moreover, spot rates for ex-Shanghai container exports showed unfavorable fluctuations on the routes to Europe and the Mediterranean, going down 3.8% to US$763 per TEU...

https://container-news.com/scfi-rises-for-first-time-in-four-weeks/

Mild uptick in SCFI in six months

Market sentiment turned positive for the first time since September 2022, as the Shanghai Containerized Freight Index (SCFI) recovered mildly in the week ended 2 April, according to Linerlytica’s latest report.

The rebound was supported by improved rates from East Asia to the Persian Gulf and South America.

Linerlytica remarked that there is rising conviction around a mid-April rate increase on some key routes.

Linerlytica said, “Carriers are making a last-ditch effort to raise spot rates on the...

https://container-news.com/mild-uptick-in-scfi-in-six-months/

Spot rates for Shanghai container exports fall on all routes

Freight rates for container exports from China continued to decline in the eight week of the year despite transportation capacity adjustments.

According to the Shanghai Shipping Exchange, the Shanghai Containerized Freight Index (SCFI), a measure for spot prices for container exports from Shanghai that do not include terminal handling charges (THCs), fell 2.9% to 946.68 points (SSE). For the seventh week in a row, the composite indicator has been falling.

On east-west trade lanes, spot rates for...

https://container-news.com/spot-rates-for-shanghai-container-exports-fall-on-all-routes/

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