ShippingWatch

Container rates set new record for 14th week straight

The spot rates for container freight out of Shanghai set a record for the 14th consecutive week, according to the rate index SCFI.

Photo: Aleksander Solum/Reuters/Ritzau Scanpix

The spot rates for container freight continue to soar, setting a record the 14th week straight, according to the rate index Shanghai Containerized Freight Index (SCFI), which measures spot prices for container freight from Shanghai to a slew of destinations worldwide.

This past week, the index rose by 1.3 percent to 4281,53.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

DSV CEO on ocean freight: "Currently a flat market"

Despite significant revenue growth in its air and sea division, DSV saw "a flat market" for ocean freight in the third quarter. But CEO Jens Bjørn Andersen doesn't expect a setback in the market. "The goods must be freighted," he says.

Further reading

Related articles

Trial banner

Latest news

See all jobs