The Shanghai Airline Exchange announced today (23) that the latest data for the Shanghai Export Containerized Freight Index (SCFI) was 1107.09 points, a further drop of 16.2 points. The three long-haul routes all continued to decline, but the decline in the freight rates of the two major U.S. routes all converged, reflecting that the small peak season before the Lunar New Year is gradually fermenting.
The latest quote for the fare from the Far East to Europe is US$1049 per TEU (20-foot standard container), which once once more fell by US$1, or 0.1%. However, the freight rate from the Far East to the Mediterranean continued to rise by US$45 per TEU, reaching US$1896, an increase of 2.43%. Compared with last week’s 0.5%, it shows that the freight rate of the European line is bottoming out and stabilizing.
The Far East to the US West per FEU (40-foot standard container) continued to fall by US$5 to US$1,418, a decrease of 0.35% from 0.49% last week; the Far East to the US East continued to fall by US$73 to US$3,096, but fell by 2.3%. Continuing to converge from last week’s 3.67%.
Evergreen (2603-TW) has indicated to the shipping market conditions that the effect of the small peak season before the lunar calendar has fermented, and the current loading rate of the US line has reached 90%. Therefore, the GRI price increase notice for the US line has recently been issued. It is expected that each FEU will increase by US$1,000 from January, but Still have to observe customer acceptance.
