Spot rates on global box freight have fallen for 22 weeks in a row, shows the Shanghai Containerized Freight Index (SCFI).

The SCFI, which measures spot prices on container transportation from Shanghai to a range of destinations around the globe, decreased by 8.6 percent to 1,443.29 during the week.

Compared to the corresponding period last year, it’s a decline of 68.3 percent and the lowest level since early October 2020.

The downturn began on June 10, when the index was at 4,233.31.

English edit: Kristoffer Grønbæk

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