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Transpacific freight rates strengthened in the latest weekly readings, while Asia-Europe rates continued to move lower, reinforcing the widening gap between the two major container shipping markets. At headline level, the broader indexes remained mixed. The SCFI and CCFI increased, while the NCFI and Freightos Baltic Index declined and Drewry’s World Container Index remained stable. Chinese freight indexes remain mixed The Shanghai Containerized Freight Index (SCFI) increased 2% to 3,662.18 points from 3,590.05 in the previous reading. The broader China Containerized Freight Index (CCFI) also strengthened, rising 1.4% to 1,862.18 points from 1,837.01. Both movements are confirmed by the latest Shanghai Shipping Exchange readings. The Ningbo Containerized Freight Index (NCFI) , however, edged lower. The index declined approximately 0.3% to 2,582.64 points from 2,591.28 previously. The three Chinese benchmarks therefore continued to show different movements, although the gains in the two Shanghai-based indexes outweighed the relatively small decline in Ningbo. NYFI shows stronger Transpacific rates The latest NYSHEX Freight Index (NYFI) readings provided a clearer indication of strengthening Transpacific conditions. Asia-US West Coast increased 3.53% to 6,585.56 from 6,361.11, while Asia-US East Coast climbed 8.55% to 8,753.37 from 8,063.84. Asia-North Europe moved firmly in the opposite direction, falling 3.78% to 3,905.52 from 4,058.96. The Transatlantic market remained mixed. Westbound rates declined 1.27% to 2,314.69, while eastbound rates increased 4.71% to 1,208.55. Drewry confirms Transpacific-Europe split Drewry’s World Container Index (WCI) remained stable at US$4,476 per 40-foot container for the second consecutive week. However, the unchanged headline reading masked contrasting movements across the major trades. Shanghai-Los Angeles increased 2% to US$7,352 per 40-foot container, while Shanghai-New York edged 1% higher to US$9,726. Europe contin
Transpacific freight rates climb as Europe extends decline
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