The global container shipping industry is experiencing a significant surge in freight rates. The Drewry World Container Index increased by 7% to $5,117 per 40ft container, marking a year-on-year rise of 233% and reaching its highest level since August 2022. The Shanghai Containerized Freight Index (SCFI) also saw a notable increase, jumping 96.38 points to 3,475.6, its highest level since August 2022. Container freight futures have shown strong performance, with notable gains across multiple months: August futures up 6%, October up 7%, December up 7.5%, February up 7.7%, and April up 7%. The container freight index rose by 0.3% to above 5,000, continuing an eight-week rally driven by strong gains on major routes from China to the US and EU. To end the week, the Container Freight Futures index rose again by 1.1%.
The spot rate for shipping goods in containers to Europe from Asia rose for a ninth straight week, the longest stretch of rising prices since the pandemic disrupted global supply chains in 2021 https://t.co/0lZYtzrcxy via @economics https://t.co/OPBZu96EjG
Container freight futures ended with another strong session: August +3% October +6% December +6% February +1% April -3% SCFI rose 3% for the week $ZIM $HLAG $MAERSK https://t.co/SxCChrM1sP
β οΈπ’Shanghai Containerized Freight Index (#SCFI) jumped 96.38 to 3475.6, marking the highest since August 2022. Rates for major long-haul routes continue to rise. #MM https://t.co/iAuES4AtXC
Splash: βThe Shanghai Containerized Freight Index (SCFI), out today, was up by another 96 points to 3475 points, its highest level since August 2022, while Drewryβs composite World Container Index, published yesterday, increased 7% to $5,117 per feu, up 233% Y/Y.β https://t.co/Dmv8bYdY5B
An eight-week rally in global #container #freight rates picked up pace again this week with the Drewry composite showing a 6.6% rise to USD 5117 per 40ft box, a YoY increase of 233% and highest level since August 2022. Driven by strong gains on all the major China to US and EU⦠https://t.co/NeVKrXsaMX
To end the week, Container Freight Futures index rises again by 1.1%. It has not stopped going up βοΈβοΈ. $ZIM $HLAG $MAERSK https://t.co/dFe0J7p7u6
World Container Index - 20 Jun Drewryβs World Container Index increased 7% to $5,117 per 40ft container this week. Notable: All routes higher (@maphumanintent talked about this on yesterday's @MicDropMarkets spaces...its a must listen) https://t.co/uGjNfp8RiY
Container freight futures had a very STRONG night and strengthened all session to new Highs π₯π₯ August +6% October +7% December +7.5% February +7.7% April +7% $ZIM $HLAG $MAERSK https://t.co/O3PV4xvWBG
Container freight index https://t.co/29JVogBaKj
Container freight index up 0.3% to above 5000. Last night the outter contacts fell at close .. will check up in a bit. $ZIM $HLAG $MAERSK https://t.co/DBOlwMUxf5
Container freight index up 0.3% to above 5000. Last night the outter contacts fell at close .. will check up in a bit. https://t.co/DBOlwMUxf5
Container freight futures opening up nearly 1%, continuing the hot streak! $ZIM $HLAG $MAERSK Unfortunately, my magic 8 ball says ZIM will not be up tomorrow. https://t.co/en8xB2NCWZ
World Container Shipping Rates Keep Rising #logistics #shipping #freight https://t.co/nP65YuZ8L8