Container freight prices continue downward trajectory
Spot prices on containers out of China decline for the eighth consecutive week.
by marketwire
Spot prices on global box freight have now decreased for eight weeks in a row.
This week, the Shanghai Containerized Freight Index (SCFI), which measures spot prices on container freight from Shanghai to a number of destinations around the globe, has dropped by 1.6 percent to 931.08 points.
The SCFI is thus 80.4 percent below the level a year ago. 931.08 represents the lowest level since early June 2020.
The index peaked in early 2022 at 5,109.6.
English edit: Kristoffer Grønbæk
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