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Container rates set record for sixth week in a row

Rate index SCFI continues ahead and sets another record in the first week of 2022.

Photo: Kin Cheung/AP/Ritzau Scanpix

Spot rates on container freight increased further and reached new heights in the first week of 2022, shows the Shanghai Containerized Freight Index (SCFI).

SCFI – which rates spot prices on container freight from Shanghai to a number of global destinations – increased by 1.2 percent to 5,109.60. Rates have been increasing for nine weeks in a row, with records set in the last six weeks.

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