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Freight rates continue to rise! South America, West Africa, South Africa soared more than 20 percent, and the US-West and US-East rose another 10 percent
Release time：
2024-05-22
Browsing：368次
The global shipping industry continued to perform strongly, with freight rates rising across all routes, pushing the latest Shanghai Container Freight Index (SCFI) up 214.97 points to 2,520.76 points, an increase of 9.32%; It has risen for six consecutive weeks and hit its highest point since mid-September 2022 (nearly 20 months).
Specifically, the European and Mediterranean routes increased by 6.31% and 1.07%, respectively, while the increases for US-West and US-East routes are more significant, at 14.39% and 8.34%, respectively. The most dramatic increases were in South America, South Africa and West Africa, where rates rose by 22.4%, 22.25% and 26.65%, respectively.
Specifically, the European and Mediterranean routes increased by 6.31% and 1.07%, respectively, while the increases for US-West and US-East routes are more significant, at 14.39% and 8.34%, respectively. The most dramatic increases were in South America, South Africa and West Africa, where rates rose by 22.4%, 22.25% and 26.65%, respectively.