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Container rates surge after 17 weeks of continuous decline

The SCFI index rises for the first time after falling for 17 weeks in a row.

Photo: AFP/Ritzau Scanpix

Overall spot prices on container freight from Shanghai to the rest of the world increased this week for the first time after a 17-week continuous decline.

The Shanghai Containerized Freight Index (SCFI), which measures spot prices on container freight from the major Chinese city to a range of destinations across the world, increased by 0.4% to 4,162.69 this week, according to data from the Shanghai Shipping Exchange.

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