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Container rates shake off last week's decline

The SCFI index is on the rise, shaking off last week's small drop after setting a record for the previous 20 weeks in a row.

Photo: Zhang Jingang/AP/Ritzau Scanpix

The spot rates for container freight went up this week following a small decline last week, 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 0.7 percent to 4647.6 following a decline of 0.6 percent last week.

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