Container rates trend upwards for 18th week in a row

Spot rates for container freight set a new record for the 18th week in a row, according to the SCFI index, which has gone up around 240 percent in the past year.

Photo: Justin Sullivan/AFP/Ritzau Scanpix

The spot rates for container freight continue upwards for the 18th consecutive week in a row, according to the Shanghai Containerized Freight Index (SCFI), which records spot rates for container freight from Shanghai to a number of destinations around the world.

This week, the index rose by 1.5 percent to 4568.16.

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