Container rates climb for 11th week straight

The rates for container freight shipped from China to a number of destinations continue to surge, setting a record for the 11th consecutive week.

Photo: Zim

The spot rates for container freight continue to surge, setting a record for the 11th week straight, according to the rate index Shanghai Containerized Freight Index (SCFI), which measures spot prices for container freight from Shanghai to several destinations worldwide.

Since last week, the index has risen by 1.1 percent to 4100.

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

Schedule reliability among container lines drops to historic low

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.

Further reading

Related articles

Trial banner

Latest news

See all jobs