Container rates continue record surge

The price of freighting a container out of China keeps climbing, beating the record set last week, show the latest numbers of the SCFI rate index.

Photo: PR / Pexels

Spot rates on container freight continue to skyrocket, beating the record set last week, shows the Shanghai Containerized Freight Index (SCFI).

The rate index, which measures the spot prices for container freight from Shanghai to a series of destinations around the world, has increased this week by 1.8 percent to 4,810.98.

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