The positive trend for spot rates on global container freight continued last week and thus hit a six-week peak on the Shanghai Containerized Freight Index (SCFI).

Last week, the rate index, which measures spot rates from Shanghai to a list of global destinations, increased by 3.6 percent to 956.93 points, shows a statement from Friday.

One week prior, the index grew by 1.7 percent. However, with few exceptions, the SCFI has decreased on a weekly basis for about a year, following the record-level of 5,109 points in the first week of 2022 where pandemical bottlenecks caused the rates to multiply many times over.

The SCFI is thus 77.6 percent lower today than it was a year ago.

English edit: Christian Radich Hoffman