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 decline of 16.2 points. The three long-haul routes continued to decrease, but the drop in the freight rates of the two major US routes are all converged, reflecting that the small high season before the lunar new year is gradually brewing.
The latest quote for the fare from the Far East to Europe is USD 1049 per TEU (standard 20ft container), which again decreased by USD 1, or 0.1%. However, the Freight from the Far East to the Mediterranean continued to climb by US$45 per TEU, reaching US$1896, an increase of 2.43% compared to 0.5% last week, shows that the European line freight rate it’s bottoming out and stabilizing.
Far East to US West per FEU (40-foot standard container) continued to decline by USD 5 to USD 1,418, down 0.35% from 0.49% last week; Far East to US East continued to decline by USD 73 to USD 3,096 but fell 2.3%, continuing to converge from last week’s 3.67%.
Evergreen (2603-TW) indicated to the marine market conditions that the effect of the small high season before the lunar calendar has fermented, and the current US line loading rate has reached 90%. Therefore, the GRI Price Increase Notice for US Line has recently. Each FEU is expected to increase by US$1,000 starting in January, but customer acceptance is still required to be observed.
