Shanghai Containerized Freight Index (SCFI)

Far East-Australia demand pushes rates to levels not seen for a decade

Container freight rates from East Asia to Australia have reached a 10-year high, rising to over US$1,648/TEU as of 9 October 2020, according to the Shanghai Containerized Freight Index.

Container movements along the route have rebounded as Australia seeks to gradually reopen its economy after a series of Covid-19-related lockdowns. Transhipments from Australia and from other regions have also been rising.

This has spurred liner operators, including ZIM and MSC to add more capacity to the route,...

https://container-news.com/far-east-australia-demand-pushes-rates-to-levels-not-seen-for-a-decade/

Container lines on track for US$15bn pandemic windfall

Runaway freight rates in the second and third quarters have had analysts scrambling to re-write doomsayer forecasts published as recently as June to predict what promises to become the industry’s most profitable year on record.

Soaring rates from Asia to the US and signs of recovery on other key trade lanes have pushed Lars Jensen, co-founder of the consulting group, Sea-Intelligence, to re-model his forecast for overall industry profitability for the second time in two months, floating a...

https://container-news.com/container-lines-on-track-for-us15bn-pandemic-windfall/

Container Spot Rates Positive At $ 4000 in Transpacific Tradelane

  • The Shanghai Containerized Freight Index (SCFI) is on a positive trend this week, with its comprehensive index ticking up another 16 points today to 1,184.
  • These rates are fast catching up with the longer east coast route, as shippers look to speed up their supply chains.
  • According to eeSea data, capacity on the transpacific will exceed carriers’ proforma levels in September.
  • European components of the SCFI moved ahead modestly this week, with North Europe up just over 1%, to $937 per teu, and...

https://mfame.guru/container-spot-rates-positive-at-4000-in-transpacific-tradelane/

Shanghai rates fluctuate across the globe

The Shanghai Containerized Freight Index (SCFI) for Week 18 improved 4.2% from the previous week to 852.27 points, according to the Shanghai Shipping Exchange (SSE).

On the trade route to Europe, the Covid-19 pandemic was having a severe impact on corporate production activities. Excluding terminal handling charges (THCs), spot rates from Shanghai went down 1.9% to US$739/TEU, while for the Mediterranean waned 0.5% to US$840/TEU.

On the route to North America, shipping lines took actions to...

https://container-news.com/shanghai-rates-fluctuate-across-the-globe/

Ex-China box rates dwindle in face of Lunar New Year

Freight rates for exporting containers from China fluctuated mildly on many trades in the week of 13 January, as the shipment rush before Lunar New Year ends, Japan International Freight Forwarders Association (JIFFA) reports.

The Shanghai Shipping Exchange (SSE) recently announced the Shanghai Containerized Freight Index (SCFI) for the week in question declined 0.1% from the previous week to 981.19 points.

On the container trade to Europe, supply and demand were well balanced. Resulting from the...

https://container-news.com/ex-china-box-rates-dwindle-in-face-of-lunar-lew-year/

Carriers’ void sailings boost container spot rates from China

The comprehensive Shanghai Containerized Freight Index (SCFI) improved 7.1% from the previous week to 819.63 points in the week of Nov. 18. As the slack season has set in, transport demand is on the decline. However, some operators have reduced tonnage supply, leading to the lower index.

Spot rates from Shanghai to Europe increased 9.1% to $766 per TEU, while those to the Mediterranean grew 6% to $730 per TEU.

On the trade route to North America, spot rates from Shanghai surged 19% to $2,684 per...

https://container-news.com/carriers-void-sailings-boost-container-spot-rates-china/

Weak demand drags down spot rates from China

The Shanghai Containerized Freight Index (SCFI) went down 4.8% from the previous week to 797.78 points in the week of Nov. 4, despite the fact that it was already in the middle of the peak season.

The trade route to Europe, a decrease in container movement urged some carriers to accept shipments at lower freight rates. Spot rates from Shanghai fell 2.9% to $708 per TEU. Likewise, those to the Mediterranean declined 2.1% to $706 per TEU.

On the U.S. route, freight movement slowed down due to the...

https://container-news.com/weak-demand-drags-down-spot-rates-china/

Spot rates for ex-China containers rise on many routes

Outbound container movement from China remained on a recovery track in the week of Oct. 14, having been massive since the National Day holiday. Freight rates increased on many trade routes. The Shanghai Containerized Freight Index (SCFI) stood at 774.27 points, rising 3.7% from the previous week.

On the route to Europe, tonnage supply decreased due to service suspensions by some carriers. Spot rates for exports from Shanghai grew 2.4% to $594 per TEU. On the trade to the Mediterranean,...

https://container-news.com/spot-rates-ex-china-containers-rise/

Slow demand prompts Shanghai box rates to fall

Freight rates for exporting containers from China declined, as pre-Chinese Lunar New Year shipments had reached a peak, and, as a result, transport demand shrank in most of the trade routes. The Shanghai Containerized Freight Index (SCFI) for the week ended Friday, September 20 further eased by 4.1% from the previous week to 734.09 points, according to the Shanghai Shipping Exchange (SSE).

Spot rates for containers moving from Shanghai to Europe fell 5.2% to US$639 per TEU from the previous week...

https://container-news.com/slow-demand-shanghai-rates-fall/

Container spot rates from Shanghai decrease

Freight rates for exporting containerized shipments from China decreased on major routes in the week of Sept. 9, as many services were suspended during the Mid-Autumn Festival on Sept. 13-15. The Shanghai Shipping Exchange (SSE) unveiled on Sept. 12 the Shanghai Containerized Freight Index (SCFI) for the week in question went down 3.7% from the previous week to 765.79 points.

On the trade to and from Europe, freight rates went down mildly, as carriers worked to do so. Spot rates for services...

https://container-news.com/container-spot-rates-shanghai/

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