Container spot rates continue to break records

The sharply increasing spot rates are due to a combination of huge demand, global bottlenecks and a lack of containers due to the pandemic, which has sent freight rates soaring.

Photo: Amr Abdallah Dalsh/Reuters/Ritzau Scanpix

On Friday, container shipping spot rates reached a new record high for the 20th consecutive week.

The Shanghai Containerized Freight Index (SCFI), which records spot prices for container freight from Shanghai to a number of destinations around the world, shows that the index rose by 0.5 percent to 4643.79 this week.

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