• ITVI.USA
    12,678.660
    5.150
    0%
  • OTLT.USA
    2.868
    0.001
    0%
  • OTRI.USA
    8.620
    0.000
    0%
  • OTVI.USA
    12,733.190
    6.750
    0.1%
  • TSTOPVRPM.ATLPHL
    2.780
    -0.050
    -1.8%
  • TSTOPVRPM.CHIATL
    2.390
    -0.270
    -10.2%
  • TSTOPVRPM.DALLAX
    1.800
    -0.040
    -2.2%
  • TSTOPVRPM.LAXDAL
    2.160
    -0.030
    -1.4%
  • TSTOPVRPM.PHLCHI
    1.990
    -0.020
    -1%
  • TSTOPVRPM.LAXSEA
    2.880
    -0.060
    -2%
  • WAIT.USA
    125.000
    6.000
    5%
  • ITVI.USA
    12,678.660
    5.150
    0%
  • OTLT.USA
    2.868
    0.001
    0%
  • OTRI.USA
    8.620
    0.000
    0%
  • OTVI.USA
    12,733.190
    6.750
    0.1%
  • TSTOPVRPM.ATLPHL
    2.780
    -0.050
    -1.8%
  • TSTOPVRPM.CHIATL
    2.390
    -0.270
    -10.2%
  • TSTOPVRPM.DALLAX
    1.800
    -0.040
    -2.2%
  • TSTOPVRPM.LAXDAL
    2.160
    -0.030
    -1.4%
  • TSTOPVRPM.PHLCHI
    1.990
    -0.020
    -1%
  • TSTOPVRPM.LAXSEA
    2.880
    -0.060
    -2%
  • WAIT.USA
    125.000
    6.000
    5%
American ShipperShipping

SCFI slips 6.8%

The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index fell 6.8 percent since last week’s reading of 680.53 to a reading of 634.54.

   The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index fell 6.8 percent since last week’s reading of 680.53 to a reading of 634.54.
   Rates from Shanghai to Northwest Europe and the Mediterranean both tumbled since last week, illustrating how general rate increases on these trades are not generating a positive impact.
   Since last week, rates from Shanghai to Northwest Europe fell 10.5 percent, from $861 per TEU to $771 per TEU. Rates from Shanghai to the Mediterranean tumbled 19.2 percent, from $865 per TEU to $699 per TEU.
   Container lines are also beginning to reveal their quarterly results, which have been drastically hindered by the low freight rates. Maersk Line posted a loss of $151 million for the second quarter, while Hapag-Lloyd posted a second quarter loss of $110.9 million. Meanwhile, OOCL’s parent company, OOIL, reported a $57 million loss for the first half of the year.