THE Shanghai Containerised Freight Index (SCFI) fell 51.69 points to 911.03 last Friday, but also registered a US$248 gain to hit $2,139 per FEU to the US west coast.

And rates from Shanghai to the east coast of South America soared 57 per cent from the previous week to $1,298 per FEU with the implementation of a general rate increase.

 

But the SCFI rate from Shanghai to north Europe fell $33 to $705 per TEU.

source: Asian Shipper