Tag: Shanghai Containerized Freight Index (SCFI)

Asia-Europe, trans-Pacific rates edge up on cargo frontloading Freight hikes, seasonal surcharges, rising bunker costs drive bullish outlook The Shanghai Containerized Freight Index (SCFI) surged 16% w-o-w to $2,572/twenty-foot equivalent unit (TEU) on 29 May 2026, reflecting a strong bullish sentiment in the container market driven by early peak-season demand and improved cargo bookings across…