SCFI Jumps 4.7% as U.S. Coast Rates Surge Even Where Europe Softens

Summary

The Shanghai Containerized Freight Index closed at 3,205.97 points on July 31, 2026, up 4.7% week on week, with the split between trades widening into the first days of August. U.S. West Coast rates rose 12.5% to $6,229 per FEU and U.S. East Coast climbed 12.6% to $9,054 per FEU, while North Europe slipped 3.7% to $3,039 per TEU. The divergence between the SCFI's booking-level transpacific readings and Drewry's softer spot assessments underlines how unevenly the post-front-loading correction is landing across lanes and contract types.