The freight rate on boxes increases by five percent
Spot prices for containerized freight from Shanghai increased this week.
The Shanghai Containerized Freight Index (SCFI), which measures spot rates for containerized freight from Shanghai to a number of destinations around the world, rose 5.1 percent to 979.11 on Friday, according to the report.
The index peaked in the first week of 2022 at 5,109.60 as covid-related congestion had multiplied rates.
The index began to decline, especially in the second half of last year, with rates plummeting after a long period of sky-high prices following the corona pandemic.
Spot rates describe freight prices, which — unlike long-term contracts — change continuously, and the index shows the price of a 40-foot container.
(Translated using DeepL with additional editing by Christian Radich Hoffman)
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