SCFI slips on major trades

Spot container rates from Shanghai to Europe, the Mediterranean and the United States all declined since last Friday, according to figures from the Shanghai Shipping Exchange’s Shanghai Containerized Freight Index.    The Shanghai Shipping Exchange’s Shanghai Containerized Freight Index (SCFI) fell 2.4 percent since last Friday’s reading of 821.35 to a reading of 801.95, as rates from Shanghai to Europe, the Mediterranean and the United States had all declined.
   Since last week, rates from Shanghai to Europe fell 4 percent, from $923 per TEU to $886 per TEU, while rates from Shanghai to the Mediterranean fell 3.8 percent, from $822 per TEU to $791 per TEU.
   Meanwhile, rates from Shanghai to the U.S. West Coast fell 3 percent, from $1,541 per FEU to $1,495 per FEU, while rates from Shanghai to the U.S. East Coast fell 5.7 percent, from $2,419 per FEU to $2,280 per FEU.
   These four routes collectively hold a 57.5 percent weight on the overall SCFI, which includes spot rate estimates from Shanghai to a total of 15 regions throughout the world.