Container ship seen from above showing bow wave

Container spot rates drop 43% in Q3, worst development in non-COVID year

Published
02 October 2024

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.