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The freight rate divide between major container shipping trades widened in the latest weekly readings, with Transpacific routes showing relative strength while Asia-Europe rates continued to weaken. At headline level, the major benchmarks remained mixed. The SCFI and CCFI moved higher, while the NCFI and Freightos Baltic Index declined and Drewry’s World Container Index remained broadly stable. Chinese freight indexes show mixed movement The Shanghai Containerized Freight Index (SCFI) increased 2.3% to 3,590.05 points, up from 3,509.54 in the previous reading. The broader China Containerized Freight Index (CCFI) recorded a smaller increase, rising 0.2% to 1,837.01 points from 1,833.99. The Ningbo Containerized Freight Index (NCFI) , however, moved in the opposite direction. The index declined 0.6% to 2,591.28 points from 2,607.4 previously. Together, the three Chinese benchmarks point to a relatively stable overall export freight environment, despite different movements between Shanghai and Ningbo. NYFI shows pressure on Europe The latest NYSHEX Freight Index (NYFI) readings showed a mixed Transpacific market but continued weakness on the Asia-Europe trade. Asia-US West Coast increased approximately 1% to 6,361.11 from 6,299.85. Asia-US East Coast moved lower, declining around 2.1% to 8,063.84 from 8,232.85. The decline was more pronounced on Asia-North Europe, where the index fell approximately 4.1% to 4,058.96 from 4,232.85. Transatlantic routes also weakened. Westbound rates dropped approximately 8.7% to 2,344.44, while eastbound rates decreased around 1.3% to 1,154.23. Drewry shows Transpacific gains and Europe declines Drewry’s World Container Index (WCI) remained broadly stable at US$4,465 per 40-foot container in its latest assessment. The stable composite reading, however, masked sharply different regional movements. Shanghai-Los Angeles increased 5% to US$7,185 per 40-foot container, while Shanghai-New York rose 3% to US$9,587. Europe moved firmly in
Freight rate divide widens between Transpacific and Europe
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