Container rates increase for fourth consecutive week

Spot prices on container freight out of Shanghai soar for the fourth week in a row.

Photo: AFP/Ritzau Scanpix

For the fourth consecutive week, spot prices have increased on container freight out of Shanghai, according to data from Shanghai Shipping Exchange Friday morning.

The Shanghai Containerized Freight Index (SCFI), which measures spot prices on container freight from the major Chinese city to a number of global destinations, went up by 0.6% to 4,233.31.

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