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 and 7.7% to US$1,466 per TEU, respectively.
On the other hand, they surged 20% to US$1,408 per FEU to the west coast of North America and 14.7% to US$2,368 per FEU to the east coast.
Additionally, on north-south trades, spot rates for container exports from Shanghai swelled 4.7% to U$2,532 per TEU to South America and stayed flat at US$1,226 per TEU to the Middle East Gulf.
In contrast, they fell down 4.4% to US$260 per TEU to Australia and New Zealand, 1.5% to US$2,672 per TEU to eastern and western Africa and 1.8% to US$1,297 per TEU to southern Africa.
Also, in intra-Asia waters, spot rates for shipments from Shanghai hiked 2.4% to US$169 per TEU to Southeast Asia, remained unchanged at US$329 per TEU to Kansai, Japan and US$327 per TEU to Kanto, Japan, and declined 4.4% to US$131 per TEU to South Korea.
