News / Container freight rates still on the up – a peak season after all?

Container ship Callisto docked in the port, Birzebbuga, Malta, Europe.

The Shanghai Containerized Freight Index (SCFI) comprehensive index continued its positive run this week, rising 5.4% to 1,055.13 as the major tradelanes all registered gains.

The Asia-US west coast component of the SCFI recorded another 8.5% jump in container spot rates, to $2,920 per 40ft, while rates to the US east coast increased by 4.7% to $3,459 per 40ft.

Rates for the US west coast are now some 70% higher than a year ago, with US east coast rates ahead 24%.

Transpacific carriers ...