SCFI climbs 1.6% to 3,409.63 as US lanes firm, Europe slips and South America jumps 9.6%

Summary

The Shanghai Containerised Freight Index rose 1.6% to 3,409.63 points on 21 August. US lanes led: Shanghai-US West Coast gained 0.8% to $6,765/FEU and Shanghai-US East Coast 1.4% to $9,700/FEU, leaving a $2,935 gap between the two coasts. Europe weakened, with North Europe down 3.5% to $2,842/TEU and the Mediterranean 4.1% to $3,767/TEU, while Persian Gulf rates rose 5.7% to $5,729/TEU and South America 9.6% to $7,805/TEU.