Price increase of sea container
Ocean Freight
In recent days, the media has been full of it: the price of sea containers has exploded. It is difficult to find containers and take orders from Asia here. The prices of these containers have also increased at least tenfold.
Shanghai Containerized Freight Index 2020/2021 (SCFI, $US / per month / per container)
SCFI is a price index that focuses on the spot rates of the container shipping export market in Shanghai. This index shows the fluctuation of spot freight rates of the export container transport market in Shanghai. This index of related maritime charges per container is more sensitive and seasonal.
We see steady growth in container shipping prices every month, barring seasonal adjustments. This trend started in July 2020 and shows a monthly increase of about 10.5% in price. If the growth rate continues through the rest of 2021, there are estimates that the price of container shipping could reach the $6,000 per container level from Shanghai by the end of 2021.
Chaina Containerized Freight Index 2020/2021 (CCFI, $US / per month / per container)
CCFI focuses on the overall freight level of China's containerized export market, which is more comprehensive and macroeconomic. This general geographic scope of this container price index reflects China's national export container transport.
We see steady growth in container shipping price every month, barring seasonal adjustment. This trend started in August 2020 and shows about 9.5% monthly increase in price. If the growth rate continues through the rest of 2021, there are estimates that the average price of container transport would reach the level of USD 4000 per container from China by the end of 2021.
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