Container spot rates increase for the 13th consecutive week

Spot rates in the container market continue to soar on the Asia-Europe route. The rate index has now increased 189.6 percent since January 2020.

Photo: PR / Hapag-Lloyd

Spot rates for freighting containers from China to the rest of the world continued their heady upturn in the first week of the year, where Asia-Europe continues to drive developments.

Rate index Shanghai Containerized Freight Index (SCFI), which measures the spot price on container freight from Shanghai to a series of destinations across the globe, grew for the 13th consecutive week, in the period from the 25th until Jan 8, by 3.1 percent to 2870.34. As such, the index has now increased 189.6 percent since Jan. 10 2020.

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