CCFI rises for fourth week, SCFI falls for second straight week

The China Containerized Freight Index (CCFI) rose 3.4% in Week 46 to 1,094.03 points, marking its fourth consecutive weekly increase, according to the Shanghai Shipping Exchange, as Japan International Freight Forwarders Association (JIFFA) reported. The Shanghai Containerized Freight Index (SCFI) moved in the opposite direction, falling 2.9% to 1,451.38 points. This is the SCFI’s second week of decline.

On the east–west trades, the CCFI increased to 1,403.64 points for Europe, up 2.7%. It climbed 5.6% to 1,601.86 points for the Mediterranean. Index levels reached 846.24 points for the U.S. West Coast and 967.48 points for the U.S. East Coast, down 0.5%.

On the north–south routes, the CCFI slipped 0.9% to 678.24 points for South America. It rose 2.8% to 1,208.81 points for Australia and New Zealand, 11.6% to 1,163.39 points for the Middle East and Red Sea, 1.5% to 1,410.96 points for Southern Africa, and 2.1% to 4,919.49 points for East and West Africa.

Within Asia, the index increased 5.1% to 871 points for Southeast Asia. It edged down 0.1% to 978.58 points for Japan and fell 1.5% to 479.94 points for South Korea.

The CCFI tracks contract-rate container exports from China and uses a baseline of 1,000 points set on January 1, 1998. The SCFI reflects spot export rates from Shanghai, excluding terminal handling charges, with a baseline set on October 16, 2009.

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