The spot rates for container freight continue their ascent, setting a new record the ninth week straight, according to the Shanghai Containerized Freight Index.

The SCFI index measures the spot prices for container freight from Shanghai to a number of destinations around the world.

This week, the index increased by 0.7 percent to 3,932.25.

For a long time now, freight rates have been driven up by strong demand along with global bottlenecks and a shortage of containers as a result of the global Covid-19 pandemic.

Over the past year, the SCFI index has increased by 280.4 percent.

English Edit: Christoffer Østergaard

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