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Global container freight rates remained under pressure in the latest weekly readings, with several major benchmarks declining around China’s Golden Week holiday period. Drewry’s World Container Index (WCI) fell 2%, while the China Containerized Freight Index (CCFI) and Ningbo Containerized Freight Index (NCFI) also moved lower. The Shanghai Containerized Freight Index (SCFI) was broadly stable, and the Freightos Baltic Index (FBX) recorded almost no change. At trade-lane level, the latest readings showed mixed conditions across the Transpacific, while Asia-Europe continued its downward trend. Chinese freight indexes show mixed performance The SCFI edged up 0.05% to 3,664.11 points, compared with 3,662.30 in the previous reading. The broader CCFI declined 0.6% to 1,912.38 points from 1,923.93. The NCFI also moved lower, falling approximately 1.5% to 2,431.78 points from 2,468.61 in the previous reading. The latest figures show that the Chinese benchmarks remain mixed, although two of the three recorded declines. NYFI highlights diverging Transpacific trends The latest NYSHEX Freight Index (NYFI) , published on 9 October, showed different movements across the two major Asia-US routes. Asia-US West Coast declined 1.98% to 7,407.75, reversing the 1.89% increase recorded in the previous reading. Asia-US East Coast moved in the opposite direction, rising 1.40% to 9,831.24 after remaining almost unchanged in the previous assessment. Asia-North Europe continued to weaken, falling another 3.24% to 3,356.23. The Transatlantic market also showed contrasting movements. Westbound rates edged down 0.52% to 2,709.05, while eastbound rates increased 8.23% to 1,282.09. Drewry WCI declines across major East-West routes Drewry’s WCI fell 2% to US$4,351 per 40-foot container in its assessment published on 8 October. Shanghai-Los Angeles declined 3% to US$7,624 per 40-foot container, while Shanghai-New York fell 2% to US$10,220. Asia-Europe rates also remained under pr
Container freight rates weaken as Asia-Europe decline continues
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