The latest weekly SCFI reading showed a fifth straight increase, with U.S.-bound container rates moving higher while Europe and Mediterranean lanes declined. The data underscores continued volatility in container shipping pricing across routes.
According to multiple publications dated August 28, 2026, the Shanghai Containerized Freight Index rose 99.91 points to 3,509.54, marking a fifth consecutive weekly gain. Spot rates for Far East–U.S. West Coast climbed to $6,940 per FEU, while Far East–U.S. East Coast rates increased to $10,046 per FEU, crossing the $10,000 threshold. In contrast, Europe and Mediterranean lanes weakened, with Far East–Europe falling to $2,716 per TEU and Far East–Mediterranean dropping to $3,557 per TEU.
Source:
udn.comShare this article
Related news
VLCC rates retreat from record levels but remain historically high
VLCC freight rates have eased after a sharp surge, yet they remain close to yearly highs as Gulf-related risks and constrained vessel availability continue to support tanker earnings.
SCFI Raises 40-Foot Container Weighting as European Rates Strengthen
The Shanghai Containerized Freight Index has adopted a revised methodology that lifts the weighting of 40-foot container rates to 55%. The change comes as European and Mediterranean freight rates rise while several US-bound lanes soften.
Carriers Raise Selected Rates and Add Surcharges on Americas and Africa Trades
CMA CGM raised an Asia–South America rate, while Maersk announced a peak-season surcharge for cargo moving from South America to the US and Canada.