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Container rates climb to record levels for the ninth consecutive week

The Shanghai Containerized Freight Index (SCFI) has gone up once again this week. The freight rates have been driven up by massive demand and bottlenecks.

Photo: Kim Hong-Ji/Reuters/Ritzau Scanpix

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

Rates for US-bound freight approaching 10,000-dollar mark 

Container rates skyrocket following Covid-19 outbreak in South China

Customers can expect new rate increases on the Pacific in coming weeks 

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