Container rates set yet another record last week

Container index SCFI kept on advancing and once again beat a record in the week ending on Friday, Dec. 24.

Photo: Hannah Mckay/Reuters/Ritzau Scanpix

Spot rates on container freight continued to surge and set another record last week ahead of Friday, Dec. 24, according to the Shanghai Containerized Freight Index (SCFI).

The SCFI measures spot prices on container freight from Shanghai to a range of destinations the world over, and last week it increased by 1.3 percent to 4,956.02 – a rise for the seventh week in a row.

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