Container rates see biggest percentage jump in ten weeks

The SCFI goes up 1 percent, the largest increase in ten weeks.

Photo: Mario Tama/AFP/Ritzau Scanpix

The spot rates for container freight are going up for the third week straight after declining for four consecutive weeks since the record levels registered in week 40.

The Shanghai Containerized Freight Index (SCFI), which tracks spot prices for container freight from Shanghai to a number of destinations around the world, shows an increase to 4601.97 this week, an increase of 1 percent, which is the largest percentage increase since week 37.

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