China: Shanghai Containerized Freight Index shows mixed trend w-o-w; transpacific strength offsets Europe weakness

  • Transpacific markets remain supported by steady demand, capacity discipline
  • Europe-bound freights show divergent trends as peak season pressure eases

The Shanghai Containerized Freight Index (SCFI) showed a mixed trend across major trade lanes in the week ended 11 September 2026, with transpacific markets remaining firm while Europe-bound trades showed divergent movement.

Transpacific freight markets continued to find support from steady cargo flows and controlled vessel capacity, with carrier capacity management helping maintain rate stability despite easing seasonal momentum. Relatively tight effective capacity also provided support to US-bound services.

In contrast, Asia-Europe markets saw softer sentiment as peak-season pressure eased and vessel capacity increased. The return of additional capacity is adding to competitive pressure, while moderating demand is limiting upward rate momentum. The Mediterranean market, however, remained comparatively supported by sustained cargo flows and tighter vessel availability.

Outlook

Transpacific rates are likely to remain relatively firm in the near term, supported by steady demand and capacity management. Asia-Europe rates could remain under pressure if additional capacity enters the market, while Mediterranean rates may find support from tighter vessel availability.


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