SCFI jumps 2.9% to 3,509.54, 25-month high as US East Coast spot breached $10,000/FEU

Summary

The Shanghai Containerized Freight Index closed at 3,509.54 points on 28 August, up 2.9% weekly and its highest in 25 months. Shanghai-US West Coast rates reached USD 6,940 per FEU (+2.6%) while East Coast spot breached USD 10,000 per FEU for the first time since 2022, up 3.6%. Shippers face sustained pressure on transpacific space through September as peak-season demand and Panama Canal limits persist.