SCFI rises 2.7%

Since last Friday, the Shanghai Containerized Freight Index increased on trades from Shanghai to Europe and the Mediterranean, but declined on trades to the United States.    The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index rose 2.7 percent from last Friday’s reading of 830.80 to a reading of 853.43.
   From Shanghai to North Europe, rates increased 5.7 percent since last week, from $924 per TEU to $977 per TEU, while from Shanghai to the Mediterranean, rates rose 3.4 percent, from $914 per TEU to $945 per TEU.
   However, rates from Shanghai to the U.S. West Coast fell 3.5 percent since last week, from $1,310 per FEU to $1,264 per FEU, while rates from Shanghai to the U.S. East Coast fell 3 percent, from $2,298 per FEU to $2,229 per FEU.