Two major freight indexes, SCFI and NCFI, reached record-high figures on the last day of the previous year, which was marked by skyrocketing container freight rates. 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. The index on the last day of 2021 reported a record-high US$5,046.66/TEU.
SCFI’s latest figure represented an increase of 90.64 points compared to the previous week’s numbers. On the same date, another freight index, Ningbo Containerized Freight Index (NCFI), reached an all-time record high of US$4,264/FEU.
NCFI reflects the fluctuation of freight rates of the international container shipping market by calculating and recording the changes of container freight rates of 21 routes departing from Ningbo-Zhoushan port.
Sea-rail volumes Ningbo Zhoushan Port break all-time record
Ningbo Zh
oushan Port has handled more than 1.2 million TEU in combined sea-rail intermodal transportation in 2021 for the first time, achieving a volume record as well as a year-on-year increase of 19.5%.
Source: container-news.com
Photo source: Dreamstime.com
