SCFI falls 3.6%

Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to the latest figures from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.    The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index fell 3.6 percent since last Friday’s reading of 869.50 to a reading of 838.36.
   Since last week, rates from Shanghai to Europe declined 5.9 percent, from $935 per TEU to $880 per TEU, while rates from Shanghai to the Mediterranean fell 3 percent, from $904 per TEU to $877 per TEU.
   Rates from Shanghai to the U.S. West Coast tumbled 10.3 percent since last week, from $1,277 per FEU to $1,146 per FEU, while rates from Shanghai to the U.S. East Coast fell 6.8 percent, from $2,233 per FEU to $2,081 per FEU.