Container spot rates drop 43% in Q3, worst development in non-COVID year
The Shanghai Containerized Freight Index (SCFI) fell another 10% in week 39. In total, the SCFI has dropped 43% during the third quarter, the largest Q3 drop in a year not affected by the COVID pandemic (2020-2023) since the SCFI was launched in October 2009.
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Posted:
02 October 2024
BIMCO's Shipping number of the week
- Container spot rates drop 43% in Q3, worst development in non-COVID year
- Strong dry bulk market fuels 42% drop in ship recycling
- Chinese seaborne dry bulk imports up 6% despite economic challenges
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