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
More from ShippingWatch
August represented a historic low point for container carriers' schedule reliability. Only three out of ten container vessels – or 33.6 percent – managed to deliver goods on time, according to new figures from Sea-Intelligence. Reliability hasn't been lower in the ten years the analyst firm has monitored reliability.