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

Trump: 25% Tax On Imported Cars

Mar .29.2025

On March 26, local time, US President Trump signed an executive order at the White House, announcing a 25% tariff on all imported cars. The relevant measures will take effect on April 2.

Red Sea Shipping Crisis

Mar .19.2025

Recently, the situation in the Red Sea has escalated again!

US President Trump launches new investigation

Feb .27.2025

On 25th Feb, US President Trump has implemented the latest measures that may reshape the global supply chain, ordering the US Department of Commerce to launch a new investigation into possible new tariffs on copper imports to rebuild US copper production.

Trump Imposes Tariffs

Feb .12.2025

US President Trump said on the 9th local time that he will announce on the 10th a 25% tariff on all steel and aluminum imported into the United States.