The freight index fell for the second consecutive time, and the Far East to Mediterranean line rebounded by 6.66%.

The freight index fell for the second consecutive time, with the Far East to Mediterranean line rebounding by 6.66%. (Provided by Wan Hai)

[Reporter Wang Yihong/Taipei Report] The freight index fell for the second consecutive time! The latest Shanghai Export Container Freight Index SCFI fell 61.12 points to 3572.33 points, a weekly decrease of 1.68%. Among the four major routes, the North American route suffered the deepest decline, with the Far East to US East route falling by 4.7% and the Far East to US West route falling by 3.6%. The performance of the European route was divergent. The Far East to Europe route continued to weaken, while the Far East to Mediterranean route bucked the trend and rebounded by 6.66%.

According to the latest freight rate release, the freight rate from the Far East to Europe reached US$2,291 per TEU (20-foot container), a decrease of US$34 from the previous period, a weekly decrease of 1.46%; the freight rate from the Far East to the Mediterranean reached US$3,619 per TEU, an increase of US$226 from the previous period, a weekly increase The freight rate from the Far East to the US West reached US$7,111 per FEU (40-foot container), down US$270 from the previous period, and a weekly decrease of 3.65%; the freight rate from the Far East to the US East reached US$9,387 per FEU, down US$470 from the previous period, and a weekly decrease of 4.76%.

In the near-ocean line, the price per TEU from the Far East to Southeast Asia fell by US$9 to US$1,150 from the previous week, a weekly decrease of 0.77%.