The KOBC Container Composite Index increased for a fourth consecutive week, reaching 4,506 points on Monday
The latest KCCI reading rose by 2.57% from the previous week, according to Korea Ocean Business Corporation, and reported by JIFFA.
Mixed performance on major routes
The index for the US West Coast increased by 2.74% to 7,095 points.
Meanwhile, the US East Coast index rose by 3.3% to 10,311 points, moving above the 10,000-point level.
However, the Europe index declined by 2.93% to 4,602 points. The Mediterranean index also fell by 3.35% to 5,423 points.
Strong gains on Latin American routes
Several non-main routes recorded increases during the week.
The Middle East index rose by 5.16% to 8,459 points. Meanwhile, the east coast of Latin America increased by 7.07% to 7,149 points.
The west coast of Latin America recorded the strongest increase, climbing by 11.1% to 6,145 points.
West Africa rose by 0.83% to 5,127 points, while Australia edged up by 0.02% to 4,398 points.
By contrast, Southern Africa declined by 0.21% to 3,805 points.
Intra-Asia routes remain stable
The Southeast Asia index increased by 0.17% to 1,175 points.
China remained unchanged at 56 points, while Japan declined by 1.67% to 236 points.
| Trade route | Weekly change | KCCI |
|---|---|---|
| US West Coast | +2.74% | 7,095 |
| US East Coast | +3.30% | 10,311 |
| Europe | -2.93% | 4,602 |
| Mediterranean | -3.35% | 5,423 |
| Southern Africa | -0.21% | 3,805 |
| Middle East | +5.16% | 8,459 |
| Australia | +0.02% | 4,398 |
| Latin America East Coast | +7.07% | 7,149 |
| Latin America West Coast | +11.10% | 6,145 |
| West Africa | +0.83% | 5,127 |
| Southeast Asia | +0.17% | 1,175 |
| China | 0.00% | 56 |
| Japan | -1.67% | 236 |
