Global container freight rates, including the Shanghai Containerized Freight Index and regional benchmarks in Asia, have risen for a fifth consecutive week on strong demand to South America and North America, adding cost pressure for exporters and importers.
Leading Asian and international business outlets report that global container freight rates have continued to climb for a fifth straight week, driven largely by robust demand on routes from Asia to South America and the United States. The Shanghai Containerized Freight Index (SCFI), a key global benchmark, increased by about 2.9 % in the latest reporting week to roughly 3,510 points, more than double its level a year earlier. National indices in the region show notable rate increases on services to North and South America, alongside persistently elevated rates on Southeast Asia lanes.
Source:
chosun.comShare this article
Related news
Middle East Risk Pushes Global Container Rates Higher for a Second Week
Global spot container rates increased for a second consecutive week, although gains were concentrated on selected trades. European, Mediterranean and Middle East services recorded the clearest increases, while US-bound lanes weakened.
Global container volumes hit a record as freight pricing reaches a more than two-year high
Global container volumes reached a record 17.46 million TEUs in August, while freight pricing rose to its highest level in more than two years, according to Container Trades Statistics.
Record tanker rates reshape Canadian crude shipments to Asia
Surging tanker rates have made direct Pacific voyages by smaller tankers more competitive, while VLCC charter rates have approached $500,000 per day.