Spot rates out of Shanghai are back to downward trajectory

Prices on box freight out of Shanghai are declining again, following last week’s surge.
Photo: Jonas Walzberg/AP/Ritzau Scanpix
Photo: Jonas Walzberg/AP/Ritzau Scanpix

Last week’s increase in spot rates on global container freight was an isolated occurrence.

This week, the Shanghai Containerized Freight Index (SCFI), which measures spot rates on box freight from Shanghai to a number of global destinations, dropped by 0.2 percent to 908.35 points.

The index increased marginally by 0.3 percent last week after decreasing for nine consecutive weeks.

The SCFI is still 79.5 percent below the level a year ago. Last week’s 906.55 points were the lowest level since May 2020.

The index peaked in early 2022 at 5,109.6.

English edit: Kristoffer Grønbæk

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading