Since last Friday, the Shanghai Containerized Freight Index fell on trades from Shanghai to Europe, the Mediterranean and the United States.
The Shanghai Shipping Exchange’s weekly Shanghai Containerized Freight Index, based on estimated freight rates on 15 routes out of Shanghai to different parts of the world, fell 1.6 percent since last Friday’s reading of 909.25 to a reading of 894.43.
Rates from Shanghai to Europe fell 2.4 percent since last week, from $1,021 per TEU to $996 per TEU, while rates from Shanghai to the Mediterranean slipped 2.3 percent, from $1,011 per TEU to $988 per TEU.
Meanwhile, rates from Shanghai to the U.S. West Coast fell 3.2 percent since last week, from $1,606 per FEU to $1,555 per FEU, while rates from Shanghai to the U.S. East Coast fell 2.2 percent, from $2,625 per FEU to $2,567 per FEU.
SCFI falls 1.6%
