Spot container rates from Shanghai to Europe, the Mediterranean and the United States all increased since last week, according to the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.
The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI) ticked up 2.8 percent since last Friday’s reading of 816.58 to a reading of 839.72.
Since last week, spot rates from Shanghai to Europe inched up 1 percent, from $888 per TEU to $897 per TEU, while spot rates from Shanghai to the Mediterranean rose 2.8 percent, from $738 per TEU to $759 per TEU.
Meanwhile, spot rates from Shanghai to the U.S. West Coast rose 3.3 percent since last week, from $1,465 per FEU to $1,514 per FEU, while spot rates from Shanghai to the U.S. East Coast jumped 7.5 percent, from $2,425 per FEU to $2,608 per FEU.
SCFI rises 2.8%
