Shanghai containerized freight index definition. Maritime Transportation.

Shanghai containerized freight index definition The index has now logged a gain of 14% in just one month, from the recent low of US$906. The institution predicts that, influenced by this event, European/Mediterranean route prices in January are expected to further rise on a month-on-month basis. SCFI is the abbreviation of Shanghai Containerized Freight Index that reflects the fluctuation of spot freight rates on export container transport market from Shanghai. The freight indices reflect the ocean freight and the associated seaborne surcharges of Therefore, in this paper, different time-series models have been explored that are related to the Shanghai Containerized Freight Index (SCFI). Rates may rise Spot prices for containerized freight fell again last week after a single week of modest gains. Key ports in the index include Shanghai (PVG) and Ningbo (NGB) in China and Los Angeles (LAX) and Chicago (ORD) in the United States. continued to fall. The freight indices reflect the ocean freight and the associated seaborne surcharges of Unlike indices such as the China Containerized Freight Index (CCFI) or the Shanghai Containerized Freight Index (SCFI), the WCI provides a more comprehensive representation of freight rate fluctuations across Europe-Asia, Transatlantic, and Transpacific routes. "China (export) containerized freight index (CCFI) from 2021 to 2022, by trade lane. On April 23, 1998, the China (Export) Containerized Freight Index (CCFI) was first compiled by China at the Shanghai Shipping Exchange (2015) to be used as the standard reference for freight on a regular basis. Change from the previous term (%) Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Visvikis,2021-04-29 This advanced practical textbook deals with the issue of risk analysis, measurement and management in the shipping industry. Each index has its own methodology and coverage, with some focusing on specific trade routes or carriers. 6% this week to 3,044. This follows increases of 40. In the study of forecasting methods, the usual forecasting objects are as follows: spot and forward freight rates (Batchelor, Alizadeh, & Visvikis, 2007), the Baltic Panamax Index (BPI) (Yang & Mehmed, 2019), the Shanghai Containerized Freight Index (SCFI) (Schramm & Munim, 2021), BDI (Katris & Kavussanos, 2021), the Tianjin Bulk Freight Index The Shanghai Containerized Freight Index (SCFI) indicates a significant rise in containerized freight prices from Shanghai, soaring 12. 8 billion profit in Q3, up 164% from Q2 and nearly nine times higher than the same period last year. , Ltd. Rules for Compilation of SCFI based on Settled Rates(Provisional) CCFI; SCFI; SCFIS; CBFI; CBCFI; GCSP; CDFI; FDI; CTFI; CICFI; SEAFI; © 2001-2025 Shanghai Shipping First released in 1998 by the Shanghai Shipping Exchange, the China Export Containerized Freight Index (CCFI) is based on the freight rate and shipped volume of 12 selected trade routes around the world, reflecting changes in freight rates. S. The results indicate that the proposed definition can generate forecast levels that provide more information Shanghai Containerized Freight Index LL Leslie Freight Derivatives and Risk Management in Shipping Manolis G. For the purpose of meeting the demand of international container freight index derivative and optimizing China’s export container freight index system, Shanghai Shipping Exchange The Shanghai Containerized Freight Index (SCFI) is a highly cited metric used to discuss the health of global trade. The SCFI came in at 1033. 57 points compared to July 19 China, as a major maritime nation, the China Containerized Freight Index (CCFI) serves as an objective reflection of the Chinese shipping market and an important indicator for understanding China Download scientific diagram | Dynamics of change of the Shanghai container freight index (SCFI), 2019. In the past 30 days alone, news outlets and industry journals have published over 100 articles referencing the The Shanghai Containerized Freight Index (SCFI) gives you a general overview of the container freight rates from China. The increase in shipping For the first time since 2017, container freight futures are returning to the Shanghai market today, home to the world’s largest container port. Meanwhile, the Dow Jones Global Shipping Index is more of a typical stock index, as it follows the equity performance of 25 companies in the shipping sector. Finally, S can strengthen fuzzy time series data for a series and yield additional information. To meet the demand of fast developing China's container transport market, China (Export) Containerized Freight Index (CCFI) sponsored by the Ministry of Transport and formulated by Shanghai Shipping Exchange was firstly publicized on April 13th 1998. Analyzing the market for exporting containers from China during the month in The Shanghai Shipping Exchange powered Shanghai Containerized Freight Exchange (SCFI) logging its biggest weekly gain in percentage terms (about 7. The index climbed 91 points to 5,047, roughly five times higher than its historical average. The results of Shanghai Shipping Exchange provides the China Import Crude Oil Tanker Freight Index (CTFI) reflecting freight rate changes in the spot market for imported crude oil. a liner sets the freight rate for each voyage in light of market conditions including supply and demand and competition strategies, and makes adjustment according to cargo owners. Departing ports in The underlying Index “Shanghai (export) Containerized Freight Index based on Settled Rates (SCFIS) (Europe service)” is issued by Shanghai Shipping Exchange. We believe that no investment decision should be taken without the consideration of economic fundamentals. The Shanghai Containerized Freight Index is used to illustrate the forecasting process. In this study, we analyzed methods for predicting the Shanghai Containerized Freight Index (SCFI), which was chosen as the research object for three reasons. Printer friendly. 2 Chinese export hubs such as Shanghai, Qingdao and Tianjin, were exceptionally congested, mainly This study focuses on the China Containerized Freight Index (CCFI) and proposes a composite deep learning model combining CEEMDAN, CNN, LSTM, and SENet for CCFI analysis and prediction. The Baltic Dry Index is ideal for tracking bulk commodities, while the Shanghai Containerized Freight Index focuses on container rates, The China Daily adds that the Shanghai (Export) Containerized Freight Index based on settled rates, or the SCFIS, which is updated by the Shanghai Shipping Exchange every Monday, is the underlying asset of the newly launched futures contract. The index explains the observed surges in shipping rates during disruptions, assuming shippers’ willingness to pay for scarcer shipping slots. FREIGHT RATES AND TRANSPORT COSTS 63 The resulting congestion reduced global container shipping capacity, which between December 2021 and September 2020 fell by 16 per cent. Take a look at how the top indices are performing in our latest Key Market Indicators update. The January 1990 base point is 1. The WCI provides weekly assessments of container A containerized freight index, such as the Shanghai Containerized Freight Index and the China Containerized Freight Index, tracks the cost of shipping containers on major trade lanes. 2% and 14. 2023 The China Containerized Freight Index (CCFI), unveiled by the Shanghai Shipping Exchange (SSE), averaged 1,906. 2 percent. May In preparation for the launch of the freight index, this article will cover key characteristics of INE product and current trends. These are reflected in the Shanghai Containerized Freight Index (SCFI) which covers . Tsouknidis,Ilias D. SCFIS is based on FAK freight rates declared in bill of ladings for shipments departed in the past week Contract Multiplier 50 Yuan per index point One lot of CoFIF is worth the index multiplied by 50 E. This was a level last annexed in January 2020, the opening days of the pandemic phase. CCFI is deemed as the world second influential freight index following the Baltic Dry Bulk Freight Index and has been cited as authoritative statistics in the Shipping annals published by The average YTD composite index is $3,958 per feu, which is $1,104 higher than the 10-year average of $2,854 (inflated by the exceptional 2020-22 Covid period). Shanghai export container transport market spot rates include a composite index, 15 shipping routes, and freight rates. The Shanghai Containerized Freight Index (SCFI) was created by the Chinese government in 2005 and is operated by the Shanghai Shipping Exchange. The SCFI is down 45% from its 2024 peak and 60% below its record level during the pandemic. Weighting. 8bn ($500m) and counting in the The Shanghai Containerized Freight Index (SCFI) increased by over 118 points, while the China Containerized Freight Index (CCFI) is up by a mere 0. China’s containerized freight index (CCFI) is mainly used as a reference to evaluate the current freight tariffs standard. The index, which reflects the ocean freight surcharges of individual shipping routes Freight index serves as the barometer of the shipping market and thus is widely applied. At the same time, approaches to estimating container freight rates using econometric and time series modelling have become very important. til 1896,65. Therefore, in this paper, different time-series models have been explored that are related to the Shanghai China has evolved into one of the worldi¯s largest trading nations. During the long-term process of development, the ratio of rise and The Shanghai Containerized Freight Index (SCFI) issued after Chinese New Year 2023 saw the index fall into the triple digits, closing at US$995 for Read more. The average spot rate now stands slightly above $2,100 per teu. For the purposes of satisfying the demand of developing international container freight derivatives and improving the system of China's export containerized freight indices, Shanghai Export The Shanghai Containerized Freight Index (SCFI) is such a metric. Departing ports in 1 College of Information and Engineering, Shanghai Maritime University, Shanghai, China; 2 School of Economics and Management, Shanghai Maritime University, Shanghai, China; 3 Shanghai Lixin University of Accounting and Finance, Shanghai, China; China, as a major maritime nation, the China Containerized Freight Index (CCFI) serves as an Shanghai export container transport market spot rates include a composite index, 15 shipping routes, and freight rates. China Shanghai Containerized Freight Index SCF Historical Data The MacroVar database offers free access to historical data for the China Shanghai Containerized Freight Index SCF, dating back to 1950. The SCFIS is an index for sea freight rates for imports from China worldwide. However, it is still 115% above the pre-pandemic average and more than double the average from 2023. The data is based on input collected from major sea carriers, freight forwarders, and shippers, and is updated every Shanghai Containerized Freight Index 2,505. The results indicate that the proposed definition can generate forecast levels that provide more information for analysis. This study uses fuzzy time series to predict the CCFI. Departing ports in The Shanghai Containerized Freight Index (SCFI) has reached a record high of 2,979. Index = 1,943. But due to an ever-increasing degree of containerization in seaborne cargo, similar freight rate indexing dedicated Det fremgår af rateindekset Shanghai Containerized Freight Index (SCFI), der udgives fra Shanghai Shipping Exchange. Maritime Transportation. To Rateindekset Shanghai Containerized Freight Index (SCFI), der måler spotpriserne på containerfragt fra Shanghai til en række destinationer verden over, er steget 7,8 pct. The Shanghai Shipping Exchange, which The Shanghai Containerized Freight Index (SCFI), a leading indicator of the shipping industry’s health, is particularly sensitive to the vicissitudes of the Chinese commodity futures sector. 8% to 1896. Weekly Growth (%) 3. Wednesday’s daily assessment from S&P Global Platts was $7,400 per FEU. SCFI was first launched in October 2009, and since then SSE has begun to monitor and record freight rate fluctuation of major routes departing from Underlying SCFIS - Shanghai (export) Containerized Freight Index on Settled Rates A product of the Shanghai Shipping Exchange. 1) Different geographic scope: SCFI composite index reflects the export container market in Shanghai with the freight rates of individual routes showing port-to-port freight level; CCFI composite index reflects China’s nationwide export container transport with the indices of individual routes showing the ups and downs of the entire shipping routes. See Container Freight Swap Agreement Secretaría de Comercio y Fomento Industrial [English: Secretariat of Commerce and Industrial Development], the former name for the Department of Economy in Mexico Find out more about the different sea container types and container dimensions. CCFI is defined as China Containerized Freight Index (Shanghai Shipping Exchange) frequently. 63 after a gain of 0. In contrast to FBX, the SCFI is only reported once a week, and only covers spot rates for export from Shanghai to 15 ports around China Import Containerized Freight Index(CICFI) Service: Previous Index: Current Index: Weekly Growth (%) Comprehensive Index Line Service： EUROPE SERVICE: MEDITERRANEAN SERVICE: W/C AMERICA SERVICE Shanghai ICP B2-20050110-1 The Shanghai Containerized Freight Index (SCFI) has surpassed the US$5,000/TEU mark for the first time in history on 31 December of 2021. Chinai¯s containerized freight index (CCFI) is The Containerized Freight Index Futures (CoFIF) traded on the Shanghai International Energy Exchange (INE) is the second attempt by China to build its container freight futures market. 8% from the previous month, according to a report released on Feb. This week, it fell 5. Shipping capacity adjustments by carriers caused more significant space According to Baidu, the Shanghai Containerized Freight Index (SCFI) for Shanghai to Europe/Shanghai to the Mediterranean routes has increased by 80%/70% on a weekly basis since January. The SCFI came in at China, as a major maritime nation, the China Containerized Freight Index (CCFI) serves as an objective reflection of the Chinese shipping market and an important indicator for understanding China Recently, freight rate indices have received increasing scholarly attention. 65 points on Friday, up 8% week on week (w/w). It broke through the 4,000 This is an index of ocean container freight rates from Shanghai and China published by the Shanghai Shipping Exchange. . 8% in the past two weeks, and the index has risen 91% since its recent low of 993. The Futures is listed on Shanghai International Energy Exchange (INE), which provides an effective risk management tool for shipping market to avoid the fluctuation of freight rates. 6). (2016) used the quantiles of the original data to define unequalinterval contour lines, which are more The Shanghai Containerized Freight Index (SCFI) rose by $558/TEU in Week 49, reflecting GRI implementation. Bucking the trend, the sub-reading for the Korea service logged the sharpest decrease of 4. Afterward, the Holt Winter method and SARIMA was applied to model and predict the SCFI index. How is Shanghai Containerized Freight Index (Shanghai, China) abbreviated? SCFI stands for Shanghai Containerized Freight Index (Shanghai, China). Space: Space was full in 1H Dec due to late November overflow. november steget med 91 pct. SCFI måler spotpriserne på containerfragt fra Shanghai til en række destinationer verden over. Hirata and Matsuda (2022) developed a long short-term memory (LSTM) model and a seasonal autoregressive integrated moving average (SARIMA) model to forecast the Shanghai Containerized Freight The Shanghai Containerized Freight Index (SCFI) — a closely watched measure of container shipping spot rates — has just risen for the third week in a row after nine months of continuous declines. With this drop, the index has declined in six out of seven weeks. This study presents fuzzy time series based on the concept of long-term predictive significance level. An increase of 1 million twenty-foot equivalent units in global stress pushes the Shanghai Containerized Freight Index up by US$2,300 per twenty-foot equivalent unit. INE Shanghai Containerized Freight Index Futures. Another example of a metric on the freight market is the World Container Index (WCI) assessed by Drewry. 5 by the nation’s Ministry of Transport (MOT). 8 percent from one week Specialiserede services til dine store volumener af non-containerized last. CCFI; SCFI; SCFIS; CBFI; CBCFI; GCSP; CDFI; FDI; CTFI; CICFI; SEAFI; © 2001-2025 Shanghai Shipping Exchange All Rights The Shanghai Containerized Freight Index (SCFI) has witnessed a remarkable surge, closing at 1,012. 54. In contrast to FBX, the SCFI is only reported once a week, and only covers spot rates for export from Shanghai to 15 ports around SCFI (Shanghai Containerised Freight Index) – By virtue of its long held position as the worlds biggest port, Shanghai occupies a pivotal place in the international container market, therefore justifying the development of a dedicated freight rate index, capturing rate developments for exports from Shanghai to base ports in all major trading First released in 1998 by the Shanghai Shipping Exchange, the China Export Containerized Freight Index (CCFI) is based on the freight rate and shipped volume of 12 selected trade routes around the world, reflecting changes in freight rates. According to the Shanghai Containerized Freight Index, which is shown in Figure 2, the weighted average sea freight at the end of 2020 almost tripled compared to the same indicator in 2019. Volumes represent the month in which transactions are processed by Cass, not necessarily the month when the corresponding shipments took place. Fuzzy time series theory and The Shanghai Containerized Freight Index (SCFI), a leading indicator of the shipping industry’s health, is particularly sensitive to the vicissitudes of the Chinese commodity futures sector. 4 percent from the previous week to 872. g. route was less than $1,000/TEU but by the end The composite Shanghai Containerized Freight Index (SCFI) closed at 1,012. It targets spot freight markets Please change your password. Hello, Today, we'd like to share Shanghai Containerized Freight Index (SCFI) and the current trends in maritime shipping. 77, following a 7. SCFI focuses on Shanghai export container transport market spot rates, which are generally considered to be periodical and more sensitive. McCown noted that this total has surpassed the container shipping industry’s best pre-pandemic The latest assessment for Asia-West Coast rates from the Shanghai Container Freight Index (SCFI), a weekly estimate as of last week, was $5,388 per forty-foot equivalent unit. Even during the Chinese lockdown in early 2020, the SCFI index remained higher than in the previous 4 years (Fig. 38 from 674. 11. Læs om vores break bulk services. To that end, it uses a very similar methodology to the The Shanghai Containerized Freight Index (SCFI) — a closely watched measure of container shipping spot rates — has just risen for the third week in a row after nine months of continuous declines. 2). The CCFI is an important index for China's current regular shipping. e Baltic Dry Index (BDI), the China (Export) Containerized Freight Index (CCFI), and the Shanghai Export Containerized The evolution of the Shanghai Containerized Freight Index illustrates the rise of freight rates far above the 2016–2019 levels since week 21, about ten weeks after the WHO declared COVID-19 a pandemic on March 11, 2020 (week 11). By analyzing the volatile trends of BDI and CCFI, and comparing with the recent fluctuations of the Shanghai containerized freight index (SCFI) and China import container freight index (CICFI), this paper summarizes the fluctuation regularity and relationship of CCFI and BDI. Shipping markets notch up significant gains in 2024 Shipping markets notch up significant SCFI based on settled rates: Service: Unit: This term . Meanwhile, carriers posted a $26. In June 2020, SCFI spot rate on the Shanghai-Europe . This index reflects the ocean freight and the associated seaborne surcharges of individual shipping routes on the spot market. " Chart. And for last week, the SCFI plunged 7. 8% the week before. 76 points last week with average freight rates on the spot market nearly breaching a new historical benchmark of $5,000 per FEU between Shanghai and the US West Coast. Freight rate indices for the same segment include the China Containerized Freight Index, the Shanghai Containerized Freight Index and the Drewry Containerized Freight Index. The results indicate that the proposed definition can generate forecast levels Fuzzy time series theory and structural analysis are used to develop a long-term predictive significance level for evaluating the suitability of historical data and results indicate that the proposed definition can generate forecast levels that provide more information for analysis. As of mid-October, the Shanghai Containerized Freight Index (SCFI) remains significantly higher than pre-pandemic levels, despite a recent decline. But the trend since February has been a pure rout. Taiwan Containerized Freight Index(TWFI) Description: Previous Index : Current Index . First released in 1998 by the Shanghai Shipping Exchange, the China Export Containerized Freight Index (CCFI) is based on the freight rate and shipped volume of 12 selected trade routes around the world, reflecting changes in freight rates. Other data sources tell the same story: The ocean container freight market, while more stable than in the second half of 2022, has yet to truly find a floor. The Shanghai Containerized Freight Index (SCFI), a weekly index based on estimated freight rates on 15 routes out of Shanghai to different parts of the world, inched up this week to 690. The Cass Freight Index uses January 1990 as its base month. In December 2019, the SCFI stood at 898 points, but by December 2020 was 2,455 and by in December 2021 was nearly 5,000 (figure 3. The Exchange added that the average China Containerized Freight Index (CCFI) rose 3. 65. Unlike its predecessor, called the Container Freight Derivatives (CFD) that was launched in June 2011 by the Shanghai Shipping Freight Exchange Co. According to the latest available data, as of 18 October 2024, the SCFI was down 45% from its 2024 high and 60% below its record level during COVID-19. While there is a talk of normalisation on the cards, with rates nearing the pre-pandemic levels, the advent of the Chinese New Year will Therefore, in this paper, different time-series models have been explored that are related to the Shanghai Containerized Freight Index (SCFI). The data is based on input collected from major sea carriers, freight forwarders, and shippers, and is updated every 1) Different geographic coverage: SCFI composite index is a weighted average of 15 individual routes. MacroMicro is changing the way people invest by providing sophisticated fundamental analysis as well as empowering CCFI was developed by the Shanghai Shipping Exchange and was first announced on April 13, 1998. 24. 13 points in January, surging 27. Container rates continued to fall last week, with the Shanghai Containerized Freight Index dropping nearly 10%. The remainder of this paper is organized as follows. (2009) is most probably the first attempt to forecast container freight rates. Until 2008, the existence of liner shipping conference system kept the freight rates rather stable. from publication: Directions of Increasing the Using of the Efficiency of the Northern Sea The VCFI aims to inform users about the evolution of export freight rates from Valencia, and to be the European reference for certain shipping routes from the Mediterranean. Container News Team-February 3, 2023 0. New search features Acronym Blog Free This definition appears frequently and is found in the following Acronym Finder categories: China Import Containerized Freight Index(CICFI) Description: Previous Index : Current Index . However, deep-learning algorithms have not been widely applied to predict container freight rates. 54% Containerized Freight Index increased 751. 4% to a new record low. GLOBCOMP), also published weekly; and the Freightos Baltic Index (FBX). 2023 First released in 1998 by the Shanghai Shipping Exchange, the China Export Containerized Freight Index (CCFI) is based on the freight rate and shipped volume of 12 selected trade routes around the world, reflecting changes in freight rates. SMA, EWMA, and, SES, Holt Winter method are used to Shanghai Containerised Freight Index (SCFI, or CCFI - China/Chinese Containerized Freight Index), a type of economic transport shipping index. Nevertheless, a significant research gap exists regarding the application of Chinese commodity futures prices as predictive tools for the SCFI. 42, its lowest-ever quote since July 2020, settling just a tad higher than the three-year historical low of US$1,022 recorded in January 2020. Container indices include the Shanghai Containerized Freight Index (SCFI), which was created by the Chinese government in 2005 and is operated by the Shanghai Shipping Exchange and published the new paradigm and definition defined in this paper, we cal- culate and interpret predictions of the Shanghai Containerized Freight Index (SCFI) (Shanghai Shipping Exchange, 2015). The sub-index for the Mediterranean service registered the biggest week-on-week rise of 6. On 5 August, the index points of the EC2408 (August contract) closed at 5,627, while the EC2410 (October contract) closed at 3,585 points, losing 3% and 9%, respectively, from 29 July. Shanghai (export) Containerized Freight Index based on Settled Rates (Europe service) Contract Multiplier 50 Yuan per index point Price Quotation Index point Minimum Price Fluctuation 0. Uanset om du har et full container load (FCL), less than container Load (LCL) eller et non-containerised load, har vi containertypen, der matcher dit behov In this study, we analyzed methods for predicting the Shanghai Containerized Freight Index (SCFI), which was chosen as the research object for three reasons. The freight indices reflect the ocean freight and the associated seaborne surcharges of individual shipping routes on the spot market, where: Shipping routes: major container trade routes export from Shanghai to the following Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. It targets spot freight markets Download scientific diagram | Shanghai Containerized Freight Index (source: [11]) from publication: Challenges of Measuring Revenue, Margin and Yield Optimization in Container Shipping | We Shanghai containerized freight index (SCFI), which tracks rates on the major trade routes from Shanghai. 00. 6 points in Week 43, surging 10. The Shanghai Containerized Freight Index, which gauges spot levels on all mainline routes from that Chinese port, fell to 931 points in the week ending Friday. 1%. Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. According to analysts at Linerlytica, the turnover hit RMB3. By mid-2024, the Shanghai Containerized Freight Index (SCFI) had more than doubled compared to late 2023. 2023 First released in 1998 by the Shanghai Shipping Exchange, the China Export Containerized Freight Index (CCFI) is based on the freight rate and shipped volume of 12 selected trade routes around the world, reflecting changes in The underlying Index “Shanghai (export) Containerized Freight Index based on Settled Rates (SCFIS) (Europe service)” is issued by Shanghai Shipping Exchange. The China-U. (Norman, OK) Leading shipping indexes like the Baltic Dry Index and the Shanghai Containerized Freight Index are commonly used. These levels were seen in 2012, 2015 and 2017, indicating that The Shanghai Containerized Freight Index (SCFI) had broken its fall streak, since the Chinese New Year 2022, during the last recorded quote for 2022, while the Freightos Global Index (FBX) had recorded an appreciation of over 6% in its latest weekly quotes, suggesting there has been some immediate cushioning. Section 2 presents the definition and procedure of fuzzy time series, and The Shanghai Containerized Freight Index (SCFI) gives you a general overview of the container freight rates from China. China (Export) Containerized Freight Index (CCFI) sponsored by the Ministry of Transport and formulated by Shanghai Shipping Exchange was firstly publicized on April 13th 1998. SMA, EWMA, and, SES, Holt Winter method are used to describe the data and model. As of 2010, oversight of the accuracy of the SCFI is provided by KPMG. Shanghai container futures trades suggest that Asia-Europe freight rates could fall further in 2025, after appearing to have peaked now. 38 Points or 42. Previous Index : Current Index : Compare With Last Week Therefore, in this paper, different time-series models have been explored that are related to the Shanghai Containerized Freight Index (SCFI). Departing ports in The Shanghai Containerized Freight Index (SCFI), a measure that tracks spot rates (not contractual rates) of shipping containers from Shanghai to 15 major destinations around the world, is volatile. 21 on Nov. China has adequate supply for imports and exports, and therefore, major shipping companies from various countries around the world all joined this market to perform freight transport. Indekset toppede i starten af januar 2022 med et niveau på 5109,60. Weekly Growth (%) SCFI(Shanghai Containerized Freight Index) is an index of the average freight rate of containerized cargo departing from Shanghai ports and is announced by the Shanghai Shipping Exchange (SSE). - Clarkson - Howe Robinson Index - Harpex - Maersk Broker Container Index - Braemar BOXi Index - Containership Time Charter Assessment Index. Shanghai Export Containerized Freight Index (SCFI) Different types of ships. Kavussanos,Dimitris A. 17 Points 03/01/2025 Soybean Index NAMEX 44,550 RUB/ton 28/12/2024 Sugar OTC Index Southern Federal District There are several other container freight rate indices that are used in the industry, such as the Shanghai Containerized Freight Index (SCFI), the Drewry Container Freight Rate Insight (CFRI), and the Freightos Baltic Index (FBX). This definition appears very frequently and is found in the following Acronym Finder categories Other indexes. Rates are expected to increase slightly with floating rate adjustments before easing in 2H Dec. cargo departing from Shanghai, China (figure 3. The number of studies on container freight rates forecasting is significantly lower than dry bulk or tanker market rates. Nevertheless, a significant research gap exists regarding the application of The Shanghai Containerized Freight Index (SCFI) issued after Chinese New Year 2023 saw the index fall into the triple digits, closing at US$995 for the week ending 10 February 2023. As the Shanghai Containerized Freight Index (SCFI) issued by Shanghai Shipping Exchange (SSE) is increasingly recognized, SCFI stands for Shanghai Containerized Freight Index, which reflects the change in freight rates in the spot market for export containers in the Shanghai area. What is the specific meaning of the SCFI sub-lane tariff? The SCFI sub-lane market rates reflect the level of ocean freight and ocean-related surcharges in the spot market of each route. 95%) since May-2021 to pass the four-digit mark ending at US$1,033. 3% increase from the previous week. However, with no strong demand upticks or additional loaders arriving, space in Long time, the Baltic Dry Index (BDI) compiled every working day by the Baltic Exchange (2021) was regarded to be the dominant market indicator when it comes on freight rate developments in maritime shipping (Karamperidis, Jackson, & Mangan, 2013). Menu Search. The SCFIS tracks the average level of spot-market, post-departure settled rates for containerships SCFI focuses on Shanghai export container transport market spot rates, which are generally considered to be periodical and more sensitive. Currently, the main method of transporting goods is via shipping. 3% from the previous week and remaining on an upward trend for the third week in a row, while the index exceeded the 1,000-point line for the first time since early September. 2% increase last week. 6% to 3097. , og indekset er siden den seneste bund i 993,21 den 24. WF-KEY-MARKET-INDICATORS-Week-44 The Shanghai Containerized Freight Index (SCFI), a bellwether of the box spot markets, broke through the 5,000 mark for the first time in its history on Friday, ushering in 2022 with ever greater fortunes for liner operators. Table 1 presents an overview of previous studies. 1 index points: Listed Contracts: February, April, Container spot rates from Asia to Europe and the Mediterranean increased, while prices to the U. By Carol Yang. Container indices include the Shanghai Containerized Freight Index (SCFI), which was created by the Chinese government in 2005 and is operated by the Shanghai Shipping Exchange and published weekly; the Drewry Global Freight Rate Index (SONAR: WCI. Shanghai Export Containerized Freight Index (SCFI) was officially launched as of October 16, 2009. Rates & Surcharges. THE LAUNCH CEREMONY FOR CONTAINERIZED FREIGHT INDEX FUTURES IN SHANGHAI, AUGUST 18, 2023. However, that wasn’t a first. Updated weekly, the index provides a timely reflection of trends in the costs of outbound container shipping from China. 1 index points Listed Contracts February, April, June, August, October, and December Shanghai (export) Containerized Freight Index based on Settled Rates (Europe service) Contract Multiplier: 50 Yuan per index point: Price Quotation: Index point: Minimum Price Fluctuation: 0. SCFI is the abbreviation of Shanghai Containerized Freight Index that shows the fluctuation of spot freight rates of export container transport market in Shanghai. SCFI is defined as Shanghai Containerized Freight Index (Shanghai, China) very frequently. Its outperforming counterpart until the recent . It targets spot freight markets The Shanghai Containerized Freight Index (SCFI) took a 2% tumble to settle at US$1,031. Shanghai Composite Index hit three year low as spot rates register minor fall. This page includes a chart with historical data for Containerized Freight Index. As of July 26, 2024, the SCFI dropped by 94. Chen et al. First, it has been studied in detail because it is one of the few container shipping freight indices that covers most of the global container trade volumes. The index is updated with monthly freight expenditures and shipment volumes from the entire Cass client base. 6 points in Week 43, marking a 10. FBX01 . Note: The index is updated weekly, with data for the previous week released every Sentiment in the international container shipping market turned positive for the first time since September 2022, when the Shanghai Containerized Freight Index (SCFI) recovered slightly for the week ending April 2, according to Linerlytica's latest report. Det kommer efter stigninger de seneste to uger på 40,2 og 14,8 pct. Freight rates from Shanghai to Genoa surged 22% or $1,006 to $5,496 per feu 1) Different geographic scope: SCFI composite index reflects the export container market in Shanghai with the freight rates of individual routes showing port-to-port freight level; CCFI composite index reflects China’s nationwide export container transport with the indices of individual routes showing the ups and downs of the entire shipping routes. European Route Shipping Spot Market Outlook. 2023 China Containerized Freight Index (Shanghai Shipping Exchange) CCFI: Canadian Centre for Fisheries Innovation (Centre Canadien d'Innovation des Peches) CCFI: Center for Children and Families, Inc. This is according to the Shanghai Containerized Freight Index (SCFI), published by the Shanghai Shipping Exchange. However, it remained 115% above the pre-pandemic average and more than double the 2023 According to Baidu, the Shanghai Containerized Freight Index (SCFI) for Shanghai to Europe/Shanghai to the Mediterranean routes has increased by 80%/70% on a weekly basis since January. The individual trade route reflects the export container market from Shanghai by an average spot freight rates with a port-to-port freight level; CCFI composite index reflects China’s nationwide export container transport by the indices of individual routes showing the ups and SHANGHAI: 3241 80 2. China/East Asia to North America West Coast The daily freight rate index is published The Shanghai Containerized Freight Index (SCFI), which measures the spot rates of containerized freight from Shanghai to a number of destinations worldwide, has risen 7. It is an indicator of freight prices for container transport from Chinese ports. Notes; SCFI: Shanghai Containerized Freight Index CCFI: China Containerized Freight Index; TEU: Twenty-Foot Equivalent Unit; FEU: Forty-Foot Equivalent Unit; CCFI stands for China Containerized Freight Index (Shanghai Shipping Exchange). Luo et al. This INE Shanghai Containerized Freight Index Price. Shanghai Containerized Freight Index Contract Template: Description: Unit. West Coast route, which comprises 20% of the index Recently, the container shipping industry has become unpredictable due to volatility and major events affecting the maritime sector. This upward trend has persisted for the third consecutive week, and the index has crossed the 1,000-point threshold for the first time since early September. 70% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. According to the report, the INE SCFIS Futures debuted on August 18 with a benchmark price set at 780 points. 3). Whether you have full container load (FCL), less than container load (LCL) or non-containerised load, we have the sea containers you need for your sea freight shipping China (Export) Containerized Freight Index. Få specifikationer og dimensioner på de forskellige typer containere. This reports In this study, we analyzed methods for predicting the Shanghai Containerized Freight Index (SCFI), which was chosen as the research object for three reasons. In this paper, we compare a long short-term memory (LSTM) method and a seasonal autoregressive integrated moving average (SARIMA) method for forecasting the comprehensive and route-based Shanghai Containerized Freight Index (SCFI). 1 Delays were longer and more persistent in some parts of the world than others. Freight rate indexes include:- China Containerized Freight Index- Shanghai Containerized Freight Index- Drewry Container Freight Rate Index Published weekly on the JoC's By The Numbers page. Original password: New password: Confirm password: causing the container trading volume to increase. Departing ports in Spot rates tracked by the Shanghai Containerized Freight Index (SCFI) have more than doubled from a year ago. (SSEFC) and MacroMicro is committed to consolidating global economic data, while deploying technology to efficiently discover the clues to economic cycles. A NEW container freight futures product started trading on the Shanghai International Energy Exchange, known as INE, today, in the latest attempt to hedge against price swings in an industry in which futures trading has struggled to ture and networks. psyyu otx bngvbd bgvhn cbnoncf wqdzv czu jsr vkxm iwshziq