International News

Shipping Prices On Many Routes Fell Again

Author : Bozhou Marine

Update time : 2023-09-13 14:40:07

Due to sluggish demand during the peak season and more and more new ships entering the market, the Shanghai Export Container Freight Index (SCFI) fell below 1,000 points again.

Due to sluggish demand during the peak season and more and more new ships entering the market, the Shanghai Export Container Freight Index (SCFI) fell below 1,000 points again. The container shipping giant is trying to stabilize freight rates by increasing work reductions before the long holiday on October 1.

According to the latest data released by the Shanghai Aviation Exchange, the SCFI index fell 34.42 points to 999 points last week, a weekly decline of 3.33%. After a brief rebound for a week, the SCFI index fell again. Among the major long-distance routes, the North American route fell again after a strong rebound in the previous week, and the European route freight rates also remained weak.

The freight rate per FEU from the Far East to the US West fell by US$99 to US$2,037, a weekly decrease of 4.63%;

The freight rate per FEU from the Far East to the US East route fell by US$263 to US$2,869, a weekly decrease of 8.4%.

The freight rate per TEU on the Far East to Europe line fell by US$54 to US$714, a decrease of 7.03%;

The freight rate per TEU on the Far East to Mediterranean line fell by US$56 to US$1,308, a weekly decrease of 4.11%.

On the near-ocean line, freight rates fluctuated.

Among them, the freight rate per TEU from the Far East to Kansai, Japan fell by US$1 compared with the previous week;

The freight rate per TEU from the Far East to Japan's Kanto remained unchanged from the previous week;

The freight rate per TEU from the Far East to Southeast Asia increased by US$10 compared with the previous week;

The freight rate per TEU from the Far East to South Korea remained unchanged from the previous week.

www.bozhou-int.com | Marine Light

Previous : Libya Devastated By Hurricane

Next : Global Trade In Goods In The 2nd Quarter

Mexico Imposes 17-19% Tariffs

Jan .07.2025

The Mexican General Taxation Administration introduced a series of new tariff policies on January 1. The most noteworthy one is the 17% to 19% tariff on small-value goods imported through express delivery companies, and this move may affect popular online

China Will Purchase US Chips with Caution

Dec .04.2024

On December 3, China's four major industry associations collectively issued a statement: they will be cautious in purchasing American chips.

Export Control of Dual-use Items to The United States

Dec .04.2024

On December 3, the Ministry of Commerce issued an announcement on strengthening export control of relevant dual-use items to the United States.

Türkiye & Israel Break Off Diplomatic Relations

Nov .14.2024

Turkish President Erdogan announced on the 13th that Türkiye has severed relations with Israel and will not take any measures to continue or develop bilateral relations in the future.