Shanghai containerized freight index definition The index is the highest since records began in October 2009. The China Daily adds that the Shanghai (Export) Containerized Freight Index based on settled rates, or the SCFIS, which is updated by the Shanghai Shipping Exchange every Monday, is the underlying asset of the newly launched futures contract. The Futures is listed on Shanghai International Energy Exchange (INE), which provides an effective risk management tool for shipping market to avoid the fluctuation of freight rates. , and other trading hours prescribed by Shanghai China (Export) Containerized Freight Index. Indekset toppede i starten af januar 2022 med et niveau på 5109,60. Similarly, Drewry’s composite World Container Index jumped 12% to $4,716 per FEU, marking a 181% increase compared to the same week last year and 232% above pre-pandemic rates from 2019. The index climbed 91 points to 5,047, roughly five times higher than its historical average. The Shanghai Containerized Freight index (SCFI) experienced an overall decline since last week, while the Ningbo Containerized Freight Index (NCFI) and World Container Index (WCI) posted comprehensive increases. 8bn ($500m) and counting in the first 30 minutes of trading. The Baltic Dry Index (BDI) and the Baltic Dirty Tanker Index (BDTI) remained elevated, up 57% and 15% yoy in 3Q24. The Shanghai Containerized Freight Index (SCFI) is a highly cited metric used to discuss the health of global trade. First released in 1998 by the Shanghai Shipping Exchange, the China Export Containerized Freight Index (CCFI) is based on the freight rate and volume of 12 selected trade routes around the world, reflecting changes in freight rates. It includes both freight rates (indices) of 13 individual shipping routes and a composite index. Underlying SCFIS - Shanghai (export) Containerized Freight Index on Settled Rates A product of the Shanghai Shipping Exchange. It targets spot freight markets SCFI(Shanghai Containerized Freight Index) is an index of the average freight rate of containerized cargo departing from Shanghai ports and is announced by the Shanghai Shipping Exchange (SSE). The SCFIS tracks the average level of spot-market, post-departure settled rates for containerships traveling from Shanghai to China Import Containerized Freight Index(CICFI) Description: Previous Index : Current Index . This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel The Shanghai Containerized Freight Index is used to illustrate the forecasting process. Among them For the purposes of satisfying the demand of developing international container freight derivatives and improving the system of China's export containerized freight indices, Shanghai Export Containerized Freight Index (SCFI) was officially launched as of October 16, 2009. The results of The report cited the Shanghai Containerized Freight Index (SCFI) that by midyear had more than doubled from late 2023 on longer shipping distances, increased fuel consumption and higher insurance premiums. Instituted in About CTFI. As of 2010, oversight of the accuracy of the SCFI is provided by KPMG. ) Abbreviations: TEU, 20-foot equivalent unit; FEU, 40-foot equivalent unit. 6 percent from the previous week to 895. Analyzing the market for exporting containers from China during the month in question, the report added The Shanghai Shipping Exchange powered Shanghai Containerized Freight Exchange (SCFI) logging its biggest weekly gain in percentage terms (about 7. The index, which reflects the ocean freight surcharges of individual shipping routes from Shanghai, launched in October 2009 and on the last day of 2021 reported a record-high US$5,046. This significant drop marks the largest third The Shanghai Containerized Freight Index increased 6% versus the prior week, its largest weekly gain since late June. CMA CGM, Maersk, and COSCO compete for the market lead in the Asia – North America The Shanghai Containerized Freight Index (SCFI), a weekly index based on estimated freight rates on 15 routes out of Shanghai to different parts of the world, inched up this week to 690. Freight rates of The Shanghai Containerized Freight Index (SCFI) is such a metric. 3% this week to end at US$1,006, just a tad above the three digits quote. This was a level last annexed in January 2020, the opening days of the pandemic phase. 6 as of Friday. The Shanghai Containerized Freight Index (SCFI) issued after Chinese New Year 2023 saw the index fall into the triple digits, closing at US$995 for the week ending 10 February 2023. CMA CGM, Maersk, and COSCO compete for the market lead in the Asia – North America Therefore, in this paper, different time-series models have been explored that are related to the Shanghai Containerized Freight Index (SCFI). 923 dollars au dernier pointage du 30 septembre Shanghai Containerized Freight Index based on Settled Rates (SCFIS) Publication Dates in 2021 Date：2020-12-29 The publication dates of weekly SCFIS are on Mondays. It targets spot freight markets, which reflect upto-date market trends To that end, it uses a very similar methodology to the Shanghai Containerized Freight Index (SCFI). 9% this week to 3,714. SCFI is also a that a new era 1) Different geographic scope: SCFI composite index reflects the export container market in Shanghai with the freight rates of individual routes showing port-to-port freight level; CCFI composite index reflects China’s nationwide export container transport with the indices of individual routes showing the ups and downs of the entire shipping routes. General Conditions of SCFI Det fremgår af rateindekset Shanghai Containerized Freight Index (SCFI), der udgives fra Shanghai Shipping Exchange. 1 index points: Listed Contracts: February, April, June, August, October, and December: Trading Hours: 9:00–11:30 a. Data File Format: CSV. Weighting. The results indicate that the proposed definition can generate forecast levels that provide more information for analysis. “The Shanghai Containerized Freight Index (SCFI) fell another 10% in week 39. Pursuant to the Notice of General Office of State Council on Arrangement of Holidays in 2021, the index publication dates of 2021 are listed as follows (SCFIS is released on each Monday, and First released in 1998 by the Shanghai Shipping Exchange, the China Export Containerized Freight Index (CCFI) is based on the freight rate and volume of 12 selected trade routes around the world, reflecting changes in freight rates. SCFI måler spotpriserne på containerfragt fra Shanghai til en række destinationer verden over. Shanghai Shipping Exchange, SSE; Related Charts China - Global & Shanghai Export Containerized Freight Index. 32, bringing the SCFI to a level 290% higher than at the same time last year. Op til de seneste fald steg spotraterne som følge af uroen på Det The Shanghai Containerized Freight Index (SCFI) rose 9. It targets spot freight markets Please change your password. 2). Departing ports in The Containerized Freight Index (Europe Service) futures contract, which started trading on the Shanghai International Energy Exchange on Friday, is part of the innovative attempts by the Chinese capital market to help shipping companies manage their risks better and boost China's influence in pricing in international transportation services, officials and industry Shanghai Containerized Freight Index (SCFI) Overview and Calculation Method: The SCFI measures spot freight rates of export containers from Shanghai to various global destinations. While there is a talk of normalisation on the cards, with rates nearing the pre-pandemic levels, the advent of the Chinese New Year will For the purpose of meeting the demand of international container freight index derivative and optimizing China’s export container freight index system, SSE renovates and publicizes new Shanghai (Export) Containerized Freight Index (SCFI), which is officially issued on October 16th 2009 to replace the original SCFI issued on December 7th 2005. The Containerized Freight Index (Europe Service) futures contract, which started trading on the Shanghai International Energy Exchange on Friday, is part of the innovative attempts by the Chinese capital market to help shipping companies manage their risks better and boost China's influence in pricing in international transportation services, officials and industry We've got 1 shorthand for shanghai containerized freight index » What is the abbreviation for shanghai containerized freight index? Looking for the shorthand of shanghai containerized freight index? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: shanghai containerized freight index. Likewise, rates from Rotterdam to Shanghai, Shanghai to Genoa, Los Angeles to Shanghai and Shanghai to New York inched up 1% to $520, $5,526, $726 and $5,199 per feu, respectively. Updated weekly, the index provides a timely reflection of trends in the costs of outbound container shipping from China. It is not a shipping index, but an indicator of the bulk cargo market. ” Tian Xiangyang, chairman of the Shanghai Futures Exchange, parent of the Shanghai International Energy Exchange, said demand for risk management tools had risen in China as the freight market became 1 College of Information and Engineering, Shanghai Maritime University, Shanghai, China; 2 School of Economics and Management, Shanghai Maritime University, Shanghai, China; 3 Shanghai Lixin University of Accounting and Finance, Shanghai, China; China, as a major maritime nation, the China Containerized Freight Index (CCFI) serves as an objective INE Shanghai Containerized Freight Index Market News. The report "China Ports Monitor The Shanghai Containerized Freight Index (SCFI) succumbed to a three year low, depreciating 2. 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,” stated Niels Rasmussen, Chief Shipping Analyst at BIMCO. Global Trade Update (December 2023) - UNCTAD WEBThere is currently low demand for container shipping, as reflected by the Chinese shipping indices show a surge in the price of shipping goods out of two major Chinese ports. 83. Container transport prices from US east and west coast comprise 27. West Coast, the rate was estimated by a panel of carriers and The Shanghai Containerized Freight Index (SCFI) experienced a sharp decline in the third quarter of 2024, falling by 43%, according to Niels Rasmussen, Chief Shipping Analyst at BIMCO. Finally, keep abreast of shipping news, use digital platforms to access real-time data, and make shipping indexes part of your everyday decision-making processes. China Shanghai Containerized Freight Index SCF Historical Data The MacroVar database offers free access to historical data for the China Shanghai Containerized Freight Index SCF, dating back to 1950. SCFIS is based on FAK freight rates declared in bill of ladings for shipments departed in the past week Contract Multiplier 50 Yuan per index point One lot of CoFIF is worth the index multiplied by 50 E. 0% in the previous week. Shanghai Export Containerized Freight Index (SCFI) was officially launched as of October 16, 2009. Week. (SSEFC) and The Shanghai Export Containerized Freight Index based on Settled Rates (SCFIS in short) shows the trend and extent of changes of the settled rates of Shanghai's spot export container transport market, which indicates the average level of settled rates after departure of voyages. © 2001-2024 Shanghai Shipping Exchange All Rights Reserved. The remainder of this paper is organized as follows. This is according to the Shanghai Containerized Freight Index (SCFI), published by the Shanghai Shipping Exchange. If you are just The Shanghai Container Freight Index (SCFI) is a freight rate index that reflects the spot freight rates of 15 routes in the Shanghai Export Container Transport Market Unlike indices such as the China Containerized Freight Index (CCFI) or the Shanghai Containerized Freight Index (SCFI), the WCI provides a more comprehensive representation of freight rate fluctuations across Europe-Asia, Transatlantic, and Transpacific routes. 63 after a gain of 0. At the end of August, it fell 134 points ending at 2,963 points on August 30. Both the Shanghai Containerized Freight Index and the China Containerized Freight Index peaked in July, then fell about 40% by the end of October. Shanghai Containerized Freight Index (SCFI), one of the most important indices, is regarded as an important evaluation factor for container shipping in the maritime industry. See Container Freight Swap Agreement Secretaría de Comercio y Fomento Industrial [English: Secretariat of Commerce and Industrial Development], the former name for the Department of Economy in Mexico; see Secretariat of First released in 1998 by the Shanghai Shipping Exchange, the China Export Containerized Freight Index (CCFI) is based on the freight rate and shipped volume of 12 selected trade routes around the world, reflecting changes in freight rates. Trade. 43 points, setting a new high since September 2022. 97 points at 2,520. In addition, the WCI covers the North Atlantic routes between New York and Rotterdam. It is calculated by the Baltic Exchange, based in London, a key market for the global shipping business. SCFIS overview Port of departure: Shanghai Ports of destination: the basic ports of individual trade Drewry World Container Index reports actual spot container freight rates for major East West trade routes. This shows for container shipping in the maritime industry. 1 index points. 6000 5000 4000 3000 2000 1000 co z WORLD CONTAINER INDEX o > z o z O O SHANGHAI CONTAINERIZED FREIGHT INDEX 3500 3000 2500 2000 1500 1000 500 DACHSER Intelligent Logistics . Meanwhile, the Dow Jones Global Shipping Index is more of a typical stock index, as it follows the equity performance of 25 companies in the shipping sector. The rising freight rates raise concerns about trade sustainability, economic growth, and progress toward global sustainable development goals. The latest assessment for Asia-West Coast rates from the Shanghai Container Freight Index (SCFI), a weekly estimate as of last week, was $5,388 per forty-foot equivalent unit. The publication of the VCFI represents a major change in the sector, by providing the port community with information that had Hello, Today, we'd like to share Shanghai Containerized Freight Index (SCFI) and the current trends in maritime shipping. 6 points in Week 43, marking a 10. 8% from the previous week. 814 dollars ce 14 octobre, alors qu’il affichait 1. A definitive international container freight index is one way to provide transparency. The index rose 6. 70% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for The Shanghai Export Containerized Freight Index based on Settled Rates (SCFIS in short) shows the trend and extent of changes of the settled rates of Shanghai's spot export container Shanghai Containerized Freight Index Theo Notteboom, Athanasios Pallis and Jean-Paul Rodrigue (2022) Port Economics, Management and Policy , New York: Routledge, 690 pages / The Shanghai Containerized Freight Index (SCFI) has witnessed a remarkable surge, closing at 1,012. 5% of the weightage of the index, while those from Europe and Mediterranean ports comprise 20% and 10%, respectively. In this study, we analyzed methods for predicting the Shanghai Containerized Freight Index (SCFI), which was chosen as the research object for three reasons. Index = 1,943 The rising freight rates raise concerns about trade sustainability, economic growth, and progress toward global sustainable development goals. In contrast to FBX, the SCFI is only reported once a week, and only covers spot rates for export from Shanghai to 15 ports around the world. The China Containerised Freight Index ("CCFI") was first published on 13 April 1998, under the auspices of the Ministry of Communications and compiled by the Stock Exchange, to meet the needs of the rapidly developing Chinese container transport market. According to the latest available data, as of 18 October 2024, the SCFI was down 45% from its 2024 high and 60% below its record level during COVID-19. Departing ports in However, deep-learning algorithms have not been widely applied to predict container freight rates. Departing ports in China include ports of Dalian, Tianjin, Qingdao, Shanghai, Nanjing, Ningbo, Xiamen, Fuzhou, Shenzhen and Guangzhou. 32 points, continuing a two-week rising trend. Departing ports in Acronym Definition; SCFI: Shanghai Containerized Freight Index (Shanghai, China): SCFI: Society for the Confluence of Festivals in India: SCFI: Standing Committee on Financial Innovation (various organizations): SCFI Shanghai Containerized Freight Index (SCFI), one of the most important indices, is regarded as an important evaluation factor for container shipping in the maritime industry. Market assessments will be collected for the following routes: Shanghai Canal, the spread of vaccine and normalization, increasing Shanghai Containerized Freight Index (SCFI), one of the most demands, supply shortages, Christmas preparation in global important indices, is regarded as an important evaluation factor trade, and expected rapid growth in world trade. MAPE, RMSE, AIC, BIC are used to measure the First released in 1998 by the Shanghai Shipping Exchange, the China Export Containerized Freight Index (CCFI) is based on the freight rate and shipped volume of 12 selected trade routes around the world, reflecting changes in freight rates. However, it remained 115% above the pre-pandemic average and more than double the 2023 Fuzzy time series theory and structural analysis are used to develop a long-term predictive significance level for evaluating the suitability of historical data and results indicate that the proposed definition can generate forecast levels that provide more information for analysis. 66/TEU. The How is China Containerized Freight Index (Shanghai Shipping Exchange) abbreviated? CCFI stands for China Containerized Freight Index (Shanghai Shipping Exchange). While high-volume shipping mostly moves under MacroMicro is committed to consolidating global economic data, while deploying technology to efficiently discover the clues to economic cycles. But that was not the reason for its formation back in 2005. The Loadstar refers to the SCFI on a weekly basis as the metric to gauge the health of the two largest deepsea east-west trades, Asia-Europe and the transpacific. Previous Index : Current Index : Compare With Last Week the new paradigm and definition defined in this paper, we cal- culate and interpret predictions of the Shanghai Containerized Freight Index (SCFI) (Shanghai Shipping Exchange, 2015). Weekly Growth (%) China - Shanghai Containerized Freight Index [SCFI] 2024 W49. What is freight Baltic index? What is ‘Baltic Freight Index’ Definition: BALTIC Freight Index (BFI) is a leading indicator of spot dry bulk cargo rates. CCFI; SCFI; SCFIS; CBFI; CBCFI; GCSP; CDFI; FDI; CTFI; CICFI; SEAFI; © 2001-2024 Shanghai Shipping Exchange All Rights Reserved. Using monthly data from January 2014 to February 2020, this study constructed a price equation for the SCFI with bunker price and container fleet as a supply shock and container The Shanghai Containerized Freight Index (SCFI) — a closely watched measure of container shipping spot rates — has just risen for the third week in a row after nine months of continuous declines. The data is based on input collected from major sea carriers, freight forwarders, and shippers, and is updated every SCFI is the abbreviation of Shanghai Containerized Freight Index that shows the fluctuation of spot freight rates of export container transport market in Shanghai. 95%) since May-2021 to pass the four-digit mark ending at US$1,033. SCFI focuses on Shanghai export container transport market spot rates, The Shanghai Containerized Freight Index (SCFI), a weekly index based on estimated freight rates on 15 routes out of Shanghai to different parts of the world, inched up this week to 690. Freight rates from New York to Rotterdam increased 3% or $23 to $830 per feu and those from Shanghai to Rotterdam increased 2% or $80 to $4,855 per feu. The index provides a timely snapshot of As the Shanghai Containerized Freight Index (SCFI) issued by Shanghai Shipping Exchange (SSE) is increasingly recognized, Data sources and definition of Containerized The freight rates required for the compilation of containerized freight index (Europe service) are collected from the panelists of the Europe-US Service Subcommittee under the SSE China (Export) China’s containerized freight index (CCFI) is mainly used as a reference to evaluate the current freight tariffs standard. On the other The latest assessment for Asia-West Coast rates from the Shanghai Container Freight Index (SCFI), a weekly estimate as of last week, was $5,388 per forty-foot equivalent unit. SCFI was first launched in October 2009, and since then SSE has begun to monitor and record freight rate fluctuation of major routes departing from Shanghai ports Using the indexes (Baltic Dry Index, Shanghai Containerised Freight Index or emerging sustainability indexes) can make all the difference in your professional activity. Frequency. The Shanghai Containerized Freight Index (SCFI) was created by the Chinese government in 2005 and is operated by the Shanghai Shipping Exchange. The SCFI is down 45% from its 2024 peak and 60% below Rules for Compilation of SCFI based on Settled Rates(Provisional) CCFI; SCFI; SCFIS; CBFI; CBCFI; GCSP; CDFI; FDI; CTFI; CICFI; SEAFI; © 2001-2024 Shanghai Shipping 1) Different geographic scope: SCFI composite index reflects the export container market in Shanghai with the freight rates of individual routes showing port-to-port freight level; CCFI composite index reflects China’s nationwide export container transport with the indices of individual routes showing the ups and downs of the entire shipping routes. Afterward, the Holt Winter method and SARIMA was applied to model and predict the SCFI index. 6% to 3097. 76 points. Baidu reported that the Shipping Index (European Line) futures contracts collectively hit the limit on 2 nd January this year, with the main contract EC2404 rising by 20%, closing at 1924. These rates Therefore, in this paper, different time-series models have been explored that are related to the Shanghai Containerized Freight Index (SCFI). China. According to the Shanghai Shipping Exchange (SSE), the Shanghai Containerized Freight Index (SCFI) increased 1% from the previous week to 1,039. The product is now called the Containerized Freight Index Futures (CoFIF) and is being traded at the Shanghai International The composite Shanghai Containerized Freight Index (SCFI) closed at 1,012. The weekly assessment from Drewry (for the current week, released Thursday) was China Containerized Freight Index a type of economic transport shipping index. During the long-term process of development, the ratio of rise and fall of BDI and CCFI is the SCFI(Shanghai Containerized Freight Index) is an index of the average freight rate of containerized cargo departing from Shanghai ports and is announced by the Shanghai Shipping Exchange (SSE). 32 points in Week 26, which went up 6. But it’s a challenge, as an accurate, actionable freight index, requires three components: Data accuracy and timeliness, with full data objectivity; Breadth of As a proxy for weekly container freight, China Container Freight Index (CCFI) is forecasted, collected from the Shanghai Shipping Exchange (SSE) from January 2010 to December 2018, in total 470 data points. 6 points in Week 43, which surged 10. 87, the highest since August 2022. Chen Zhen, Director of Shipping and Commodity Index at Fangzheng Zhongqi Futures, believes there are two main reasons for this In 2022, the total value of the China (Export) Container Freight Index (CCFI) reached about 3,347 points, up from 2,616 points in 2021. 3% on Friday compared to the previous week and was up 214. Spot pricing for container exports from Shanghai to North America was favourable, notwithstanding persistent pressure on shipping capacity supply caused by labour . In the past 30 days alone, news outlets and industry journals have published over 100 articles referencing the First released in 1998 by the Shanghai Shipping Exchange, the China Export Containerized Freight Index (CCFI) is based on the freight rate and shipped volume of 12 selected trade Container indices include the Shanghai Containerized Freight Index (SCFI), which was created by the Chinese government in 2005 and is operated by the Shanghai Shipping Containerized Freight Index increased 751. 57 points compared to July 19 The Shanghai Containerized Freight Index (SCFI), a bellwether of the box spot markets, broke through the 5,000 mark for the first time in its history on Friday, ushering in 2022 with ever greater fortunes for liner operators. I agree to the data usage terms and conditions of In this study, we empirically investigate price adjustments in the Shanghai Containerized Freight Index (SCFI) using the nonlinear autoregressive distributed lag (NARDL) model. The China-U. 3% from the previous week and remaining on an upward trend for the third week in a row, while the index exceeded the 1,000-point line for the first time since early September. UNCTAD projects global consumer prices could increase 0. 6 points in Week 43, surging 10. The only third quarter to see a Container spot freight rates plunge 8%. New search features Acronym Blog Free tools "AcronymFinder. Original password: New password: Confirm password: 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. Unlike indices such as the China Containerized Freight Index (CCFI) or the Shanghai Containerized Freight Index (SCFI), the WCI provides a more comprehensive representation of freight rate fluctuations across Europe-Asia, Transatlantic, and Transpacific routes. It must also be noted that the cancellation of sailings First released in 1998 by the Shanghai Shipping Exchange, the China Export Containerized Freight Index (CCFI) is based on the freight rate and shipped volume of 12 selected trade routes around the world, reflecting changes in freight rates. Original password: New password: Confirm password: Shanghai containerized freight index, selected routes Source: UNCTAD secretariat, based on 2022 data from Clarkson Shipping Services, Clarkson Research Network. Container freight rates from Shanghai to New York oscillated dramatically between January 2023 and May 2024. The WCI provides weekly assessments of container The Shanghai Export Containerized Freight Index based on Settled Rates (SCFIS in short) shows the trend and extent of changes of the settled rates of Shanghai's spot export container The Shanghai Containerized Freight Index (SCFI) gives you a general overview of the container freight rates from China. The WCI is unique in that it covers a wide The underlying Index “Shanghai (export) Containerized Freight Index based on Settled Rates (SCFIS) (Europe service)” is issued by Shanghai Shipping Exchange. The Shanghai Containerized Freight Index (SCFI) has risen by 140 points to 3184. China has adequate supply for imports and exports, and therefore, major shipping companies from various countries around the world all joined this market to perform freight transport. The SCFI came in at However, deep-learning algorithms have not been widely applied to predict container freight rates. RELATED POSTS. Figure 1: Shanghai Containerized Freight Index (SCFI), weekly spot rates. , Ltd. The Shanghai Containerized Freight Index and the Ningbo Containerized Freight Index In this study, we analyzed methods for predicting the Shanghai Containerized Freight Index (SCFI), which was chosen as the research object for three reasons. 3% increase from the previous Shanghai Containerized Freight Index Contract Template: Description: Unit. Major ports saw wait times double in 2023 due to record ship calls and rerouted vessels. If rate pressures remain elevated, UNCTAD said global consumer prices could rise 0. 64. The Shanghai Containerized Freight Index (SCFI) Futures contracts for that product were settled on Shanghai Containerized Freight Index figures, which were not based on actual moving rates. Op til de seneste fald steg spotraterne som følge af uroen på Det The Shanghai Containerized Freight Index (SCFI), which tracks various trade routes from China, reached its peak in July. SCFIS overview Port of departure: Shanghai Ports of destination: the basic ports of individual trade The Shanghai Containerized Freight Index is used to illustrate the forecasting process. The SCFI came in at 1033. The VCFI provides value-added information on shipping freight rates—a key factor in determining port competitiveness. West Coast, the rate was estimated by a panel of carriers and The China Containerized Freight Index (CCFI), unveiled by the Shanghai Shipping Exchange (SSE), averaged 1,906. 38 Points or 42. SCFI is the abbreviation of Shanghai Containerized Freight Index that reflects the fluctuation of spot freight rates on export container transport market from Shanghai. -Despite the global economic recession, maritime traffic has started to increase its prices, at News: The Shanghai Container Freight Index (SCFI) reported a further increase on the 24th, with an increase of 7. Bucking the trend, the sub-index for the Australia/New Zealand service registered an increase We are sharing an update on the recent developments in the sea freight market, including the significant increase in the Shanghai Containerized Freight Index (SCFI) and the challenges it presents. Region. TEU "Twenty-Foot Equivalent Unit", FEU "Forty-Foot Equivalent Unit" Fuzzy time series theory and structural analysis are used to develop a long-term predictive significance level for evaluating the suitability of historical data and results indicate that the proposed definition can generate forecast levels that provide more information for analysis. Freight futures Shares in Taiwan’s Yang Ming Marine Transport and Israel’s Zim led the day’s upward march as the Shanghai Containerized Freight Index hit 2,306. 8% from the previous month, according to a report released on Feb. It broke through the 4,000 barrier in July last year for What is freight Baltic index? What is ‘Baltic Freight Index’ Definition: BALTIC Freight Index (BFI) is a leading indicator of spot dry bulk cargo rates. This week, it fell 5. Similarly, it has almost doubled since the last week of May when the index fell to 836. 38 from 674. In Week 45, the SCFI for rates on the trade from China to both North Europe and the These routes cover the major routes out of Shanghai also covered by the Shanghai Containerized Freight Index (SCFI), namely to Europe (base ports), to Mediterranean (base ports), to the West Coast and East Coast of North America (base ports), but also the backhaul routes to Shanghai. As of July 26, 2024, the SCFI dropped by 94. com. This significant drop marks the largest third-quarter decline in a non-pandemic year since the SCFI was launched in October 2009. At the same time, approaches to estimating container freight rates using econometric and time series modelling have become very important. We believe that no investment decision should be taken without the consideration of economic fundamentals. On the 30th May 2024, freight rates between the two cities reached its peak at over China Import Containerized Freight Index(CICFI) Service: Previous Index: Current Index: Weekly Growth (%) Comprehensive Index Line Service： EUROPE SERVICE: MEDITERRANEAN SERVICE: W/C AMERICA SERVICE: E/C AMERICA SERVICE: AUSTRALIA/NEW ZEALAND SERVICE: Issued by SSE. That’s down Shanghai Containerized Freight Index (SCFI), one of the most important indices, is regarded as an important evaluation factor for container shipping in the maritime industry. 16 point jump the previous week Alors que le Shanghai Containerized Freight Index, qui suit les tarifs au comptant du fret conteneurisé au départ de Shanghai vers une vingtaine de destinations, s’était infléchi, il vient de connaître sa plus forte progression en dix semaines. Index. (Mention of any firm or licensed process does not imply the endorsement of the United Nations. The research By definition, the freight index is a data average of weight for trucking, waterborne, freight rail, air freight, and pipeline. 9% due to favorable freight rate movements on the trade to Europe, a greater improvement than 2. But due to an ever-increasing degree of containerization in seaborne cargo, similar freight rate indexing dedicated The Shanghai Containerized Freight Index (SCFI) hit an all-time high of 1664. The Shanghai Containerized Freight Index (SCFI) issued after Chinese New Year 2023 saw the index fall into the triple digits, closing at US$995 for Read more. Units. Its counterpart on the Shanghai Shipping Exchange (SSE), the China Containerized Freight Index (CCFI) witnessed a stronger 4. The In the study of forecasting methods, the usual forecasting objects are as follows: spot and forward freight rates (Batchelor, Alizadeh, & Visvikis, 2007), the Baltic Panamax Index (BPI) (Yang & Mehmed, 2019), the Shanghai Containerized Freight Index (SCFI) (Schramm & Munim, 2021), BDI (Katris & Kavussanos, 2021), the Tianjin Bulk Freight Index L’indice SCFI (Shanghai Containerized Freight Index), qui enregistre depuis 2009 les taux de fret « spot » (négociés au comptant) de 10 à 15%, vient de passer sous la barre symbolique des 2. Title: Container Indexes Author : Katrine Cheng Created Le SCFI (Shanghai Containerized Freight Index), composé des taux spot pour les conteneurs au départ de la Chine vers le reste du monde, est gagné par une fièvre sans répit depuis désormais trois mois. Explosives to help free Dali from collapsed Download scientific diagram | Shanghai Containerized Freight Index (SCFI) (as of 2013) from publication: Shipping Freight Derivatives: Practical Examples and Applications | This chapter provides a Spot prices for containerized freight continued to rise this week, with the Shanghai Containerized Freight Index (SCFI) rate index increasing for the 12th consecutive week, according to data from the Shanghai Shipping Exchange. 2023-07-13Announcement on Requesting Public Comments on the INE Containerized Freight Index (Europe Service) Futures Contract and Applicable Revised Rules of the Shanghai International Energy Exchange The SCFI reflects the spot rates of Shanghai export container transport market. The last trading day of the contract month is the last futures-trading The Containerized Freight Index Futures (CoFIF) traded on the Shanghai International Energy Exchange (INE) is the second attempt by China to build its container freight futures market. SCFI was first The composite Shanghai Containerized Freight Index (SCFI) stood at 3,714. If you are just Hirata and Matsuda (2022) developed a long short-term memory (LSTM) model and a seasonal autoregressive integrated moving average (SARIMA) model to forecast the Shanghai Containerized Freight For the purpose of meeting the demand of international container freight index derivative and optimizing China’s export container freight index system, Shanghai Shipping Exchange renovates and publicizes Shanghai (Export) Containerized Freight Index (SCFI), which was officially issued on October 16th 2009 to replace the original SCFI issued on December 7th 2005. By mid-2024, the Shanghai Containerized Freight Index (SCFI) had more than doubled compared to late 2023. 8 points. , and other trading hours prescribed by Shanghai There are several other container freight rate indices that are used in the industry, such as the Shanghai Containerized Freight Index (SCFI), the Drewry Container Freight Rate Insight (CFRI), and the Freightos Baltic Index (FBX). Printer friendly. Other data sources tell the same story: The ocean container freight market, while more stable than in the second half of 2022, has yet to truly find a floor. 3% from the previous week, remained on an upward trend for the third week in a row and exceeded the 1,000-point line for the first time since early September. Rates & Surcharges. The average China Containerized Freight Index (CCFI) went down 2. According to the latest available data, as of 18 October 2024, the SCFI was down 45% from Please change your password. General Conditions of SCFI Shanghai Containerised Freight Index (SCFI, or CCFI - China/Chinese Containerized Freight Index), a type of economic transport shipping index. Its outperforming counterpart until the recent Explore the latest news and expert commentary on the Shanghai Export Containerized Freight Index (SCFI) brought to you by the editors of Seatrade Maritime News For the purpose of meeting the demand of international container freight index derivative and optimizing China’s export container freight index system, Shanghai Shipping Exchange renovates and publicizes Shanghai (Export) Containerized Freight Index (SCFI), which was officially issued on October 16th 2009 to replace the original SCFI issued on December 7th 2005. The Shanghai Shipping Exchange, which publishes the SCFI, said from Shanghai to the U. Looking at spot rates for container exports from Shanghai on the east-west routes, they surged 12. These levels were seen in 2012, 2015 and 2017, indicating that The Shanghai Containerized Freight Index (SCFI) was created by the Chinese government in 2005 and is operated by the Shanghai Shipping Exchange. MacroMicro is changing the way people invest by providing sophisticated fundamental analysis as well as empowering Det fremgår af rateindekset Shanghai Containerized Freight Index (SCFI), der udgives fra Shanghai Shipping Exchange. It targets spot freight markets, which reflect up-to Other indexes. The Shanghai Containerized Freight Index (SCFI) and Drewry World Container Index (WCI) both dropped 8% over the last week. Contract months are February, April, June, August, October, and December. ISBN 9780367331559. We will also provide insight into expected trends and how they may affect your business in the coming months. 6% by 2025 if freight rates remain elevated. For cross-validation, two expanding training-samples, one from January 2010 till December 2016 and another from January 2010 till December 2017 The Shanghai Containerized Freight Index (SCFI) had broken its fall streak, since the Chinese New Year 2022, during the last recorded quote for 2022, while the Freightos Global Index (FBX) had recorded an appreciation of over 6% in its latest weekly quotes, suggesting there has been some immediate cushioning. 25%, reaching 2703. We've got 1 shorthand for shanghai containerized freight index » What is the abbreviation for shanghai containerized freight index? Looking for the shorthand of shanghai containerized freight index?This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: shanghai containerized freight index. The INE Containerized Freight Index Futures Contract has the following specifications: The Futures Contract has a minimum price fluctuation of 0. For the first time since 2017, container freight futures are returning to the Shanghai market today, home to the world’s largest container port. First released in 1998 by the Shanghai Shipping Exchange, the China Export Containerized Freight Index (CCFI) is based on the freight rate and shipped volume of 12 selected trade routes around the world, reflecting changes in freight rates. The Shanghai Shipping Exchange’s SCFI, which is an estimate of spot rates published each Friday from Shanghai to 15 regions throughout the Freight rate indices for the same segment include the China Containerized Freight Index, the Shanghai Containerized Freight Index and the Drewry Containerized Freight Index. Title: Container Indexes Author : Katrine Cheng Created In this study, we analyzed methods for predicting the Shanghai Containerized Freight Index (SCFI), which was chosen as the research object for three reasons. The data in the chart is updated weekly and reflects index readings as of the previous Friday. Therefore, in this paper, different time-series models have been explored that are Container freight rates from Shanghai to Genoa generally decreased between January 2023 and May 2024 with only occasional fluctuations. Category. Les quatre semaines consécutives de baisse, amorcée en octobre, ont donné du grain à moudre à ceux qui arguaient que le pic de The Shanghai Containerized Freight Index (SCFI), a bellwether of the box spot markets, broke through the 5,000 mark for the first time in its history on Friday, ushering in 2022 with ever greater fortunes for liner operators. 5% to $4,880 per Tag: Shanghai Containerized Freight Index Maritime transport between Asia and Europe increases its prices by 25%. SMA, EWMA, and, SES, Holt Winter method are used to describe the data and model. S. 65 points on Friday, up 8% week on week (w/w). Departing ports in China Containerized Freight Index a type of economic transport shipping index. SCFI is also a solid indicator in terms of supply and demand balance, container shipping, world trade movement, and the shipping industry. In December 2019, the SCFI stood at 898 points, but by December 2020 was 2,455 and by in December 2021 was nearly 5,000 (figure 3. Barcelona, December 4, 2020. 72, the shipping exchange said. While high-volume shipping mostly moves under In this study, we empirically investigate price adjustments in the Shanghai Containerized Freight Index (SCFI) using the nonlinear autoregressive distributed lag (NARDL) model. The BDI was stable qoq while the BDTI dropped by 19% qoq. First, it has been studied in detail because it is one of the few container shipping freight indices that covers most of the global container trade volumes. Currently, the main method of transporting goods is via shipping. Source. For the purposes of satisfying the demand of developing international container freight derivatives and improving the system of China's export containerized freight indices, Shanghai Export Containerized Freight Index (SCFI) was officially launched as of October 16, 2009. This followed a 365. g. The Index consists of 8 route-specific indices representing individual shipping routes and a composite index. See Container Freight Swap Agreement Secretaría de Comercio y Fomento Industrial [English: Secretariat of Commerce and Industrial Development], the former name for the Department of Economy in Mexico; see Secretariat of The Shanghai Containerized Freight Index (SCFI) has reached a record high of 2,979. It targets spot freight markets, which reflect up-to Current development based on World Container Index, Shanghai Containerized Freight Index. This study presents fuzzy time series based on the concept of long-term predictive significance level. According to this blog from US forwarder Flexport, the Chinese government wanted to provide a pricing guide for exporters, as well as local Sentiment in the international container shipping market turned positive for the first time since September 2022, when the Shanghai Containerized Freight Index (SCFI) recovered slightly for the week ending April 2, according to Linerlytica's latest report. The Shanghai Containerized Freight Index, which gauges spot levels on all mainline routes from that Chinese port, fell to 931 points in the week ending Friday. 42, its lowest-ever quote since July 2020, settling just a tad higher than the three-year historical low of US$1,022 recorded in January 2020. As of mid-October, the Shanghai Containerized Freight Index (SCFI) remains significantly higher than pre-pandemic levels, despite a recent decline. In this paper, we compare a long short-term memory (LSTM) method and a seasonal autoregressive integrated moving average (SARIMA) method for forecasting the comprehensive and route-based Shanghai Containerized Freight Index (SCFI). For the purposes of satisfying the demand of developing international container freight derivatives and improving the system of China's export containerized freight indices, Shanghai Export A containerized freight index, such as the Shanghai Containerized Freight Index and the China Containerized Freight Index, tracks the cost of shipping containers on major trade lanes. I. 5 by the nation’s Ministry of Transport (MOT). Container News Team-February 3, 2023 0. 2% on week to 5,109. 46. . Section 2 presents the definition and procedure of fuzzy time series, and SCFI (Shanghai Containerised Freight Index) – By virtue of its long held position as the worlds biggest port, Shanghai occupies a pivotal place in the international container market, therefore justifying the development of a dedicated freight rate index, capturing rate developments for exports from Shanghai to base ports in all major trading regions. The Shanghai Export Containerized Freight Index based on Settled Rates (SCFIS in short) shows the trend and extent of changes of the settled rates of Shanghai's spot export container transport market, which indicates the average level of settled rates after departure of voyages. 76 points last week with average freight rates on the spot market nearly breaching a new historical benchmark of $5,000 per FEU between Shanghai and the US West Coast. 2,233. Shanghai Composite Index hit three year low as spot rates register minor fall. Les taux entre l'Asie et la côte ouest des États-Unis, qui représentent 20 % de l'indice total, ont cependant marqué une pause la The Shanghai Containerized Freight Index (SCFI) experienced a sharp decline in the third quarter of 2024, falling by 43%, according to Niels Rasmussen, Chief Shipping Analyst at BIMCO. m. SCFI focuses on Shanghai export container transport market spot rates, SCFI "Shanghai Containerized Freight Index" CCFI "China Containerized Freight Index" This is an index of ocean container freight rates from Shanghai and China published by the Shanghai Shipping Exchange. Recently, the container shipping industry has become unpredictable due to volatility and major events affecting the maritime sector. This study uses fuzzy time series to predict the CCFI. 13 points in January, surging 27. These rates Shanghai containerized freight index (SCFI), which tracks rates on the major trade routes from Shanghai. Wednesday’s daily assessment from S&P Global Platts was $7,400 per FEU. Calculated weekly, it bases its figures on the actual rates freight forwarders pay to ship containerized cargo. It broke through the 4,000 barrier in July last year for Shanghai International Energy Exchange (INE) on Thursday said the Containerized Freight Index (Europe Service) Futures Contracts (EC futures contracts) will be listed for trading on Friday. How is China Containerized Freight Index (Shanghai Shipping Exchange) abbreviated? CCFI stands for China Containerized Freight Index (Shanghai Shipping Exchange). 12/04/2020 AndSoft Software Gestión Transporte TMS y Portales Blockchain, eCMR, TrackAPP Alone Leave a comment. 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. Menu Search. Fuzzy time series theory and structural analysis are used to develop a long-term predictive significance level for evaluating the suitability of historical data and results Shanghai Containerised Freight Index (SCFI, or CCFI - China/Chinese Containerized Freight Index), a type of economic transport shipping index. 8% the week before. However, that wasn’t a first. According to the Shanghai Containerized Freight Index, which is shown in Figure 2, the weighted average sea freight at the end of 2020 almost tripled compared to the same indicator in 2019. Data Download . 54. Increased The Shanghai Containerized Freight Index (SCFI), a composite of several trades out of China which peaked in July, dropped a further 134 points to 2963 in the week to 30 August. Previous Index : Current Index : Compare With Last Week The Shanghai Containerized Freight Index (SCFI), a leading indicator of the shipping industry’s health, is particularly sensitive to the vicissitudes of the Chinese commodity To meet the demand of fast developing China's container transport market, China (Export) Containerized Freight Index (CCFI) sponsored by the Ministry of Transport and formulated by Shanghai Containerized Freight Index Contract Template: Description: Unit. Key Ports, Routes, and Trade Lanes Covered: This index focuses on The composite Shanghai Containerized Freight Index (SCFI) closed at 1,012. Xeneta’s was $8,697. Fuzzy time series theory and structural analysis are used to The Shanghai Containerized Freight Index (SCFI) has reached a record high of 2,979. Unlike its predecessor, called the Container Freight Derivatives (CFD) that was launched in June 2011 by the Shanghai Shipping Freight Exchange Co. The underlying Index “Shanghai (export) Containerized Freight Index based on Settled Rates (SCFIS) (Europe service)” is issued by Shanghai Shipping Exchange. However, technology like blockchain and AI helped Asian ports reduce China's index of export container transport fell in the week ending on June 30, according to the Shanghai Shipping Exchange. , 1:30–3:00 p. The research The Shanghai Containerized Freight Index (SCFI) fell another 10% in week 39. The index has now logged a gain of 14% in just one month, from the recent low of US$906. Container Indexes. The SCFI is down 45% from its 2024 peak and 60% below The Shanghai Container Freight Index (SCFI) is a freight rate index that reflects the spot freight rates of 15 routes in the Shanghai Export Container Transport Market First released in 1998 by the Shanghai Shipping Exchange, the China Export Containerized Freight Index (CCFI) is based on the freight rate and shipped volume of 12 selected trade routes around the world, reflecting changes in freight rates. SCFI is also a solid By mid-2024, the Shanghai Containerized Freight Index (SCFI) more than doubled from 2023 levels. CCFI is defined as China Containerized Freight Index (Shanghai Shipping Exchange) frequently. SMA, EWMA, and, SES, Holt Winter method are used to Shanghai (export) Containerized Freight Index based on Settled Rates (Europe service) Contract Multiplier: 50 Yuan per index point: Price Quotation: Index point: Minimum Price Fluctuation: 0. Shipping capacity adjustments by carriers caused more significant space shortages on the Similarly, the composite Shanghai Containerized Freight Index recorded a rise of 1. All indices are reported in USD per 40ft Container. In September 2019, on the Shanghai to New York (Asia – North America East Coast) route, the cost of Current development based on World Container Index, Shanghai Containerized Freight Index. Long time, the Baltic Dry Index (BDI) compiled every working day by the Baltic Exchange (2021) was regarded to be the dominant market indicator when it comes on freight rate developments in maritime shipping (Karamperidis, Jackson, & Mangan, 2013). 2,256. The The Shanghai Containerized Freight Index (SCFI) took a 2% tumble to settle at US$1,031. West Coast route, which comprises 20% of the index 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. 4% fall for the week touching US$1,110, its lowest level since The report cited the Shanghai Containerized Freight Index (SCFI) that by midyear had more than doubled from late 2023 on longer shipping distances, increased fuel consumption and higher insurance premiums. i. 56 last week, up 8. 14. Shipping capacity adjustments by carriers caused more significant space Shanghai Containerized Freight Index Theo Notteboom, Athanasios Pallis and Jean-Paul Rodrigue (2022) Port Economics, Management and Policy , New York: Routledge, 690 pages / 218 illustrations. The weekly assessment from Drewry (for the current week, released Thursday) was Shanghai (export) Containerized Freight Index based on Settled Rates (Europe service) Contract Multiplier: 50 Yuan per index point: Price Quotation: Index point: Minimum Price Fluctuation: 0. Specs. A New Freight Index. Chinai¯s containerized freight index (CCFI) is Shanghai Containerized Freight Index based on Settled Rates (SCFIS) Publication Dates in 2021 (2020-12-29) China Import Crude Oil Tanker Freight Index (CTFI) Publication Dates in 2021 (2020-12-17) China Import Dry Bulk Freight Index (CDFI) Publication Dates in 2021 (2020-12-17) This was reflected in the Shanghai containerized freight index (SCFI), which tracks rates on the major trade routes from Shanghai. Formed as data by the Bureau of Transportation Statistics Transportation Services Index (BTS TSI), the Cass Freight Index, and the Dow Transportation Index, the freight index is used to track the China has evolved into one of the worldi¯s largest trading nations. According to analysts at Linerlytica, the turnover hit RMB3. 000 dollars pour un conteneur de 20 pieds : très exactement 1. The SCFI, which measures spot container rates for container Spot prices for containerized freight fell again last week after a single week of modest gains. It is a measurement of aggregate deliveries of freight. Copyright Declaration Contact us: Shanghai ICP B2-20050110-1 INE Shanghai Containerized Freight Index Futures Contract Specification. With this drop, the index has declined in six out of seven weeks. 6% by 2025. Each index has its own methodology and coverage, with some focusing on specific trade routes or carriers. Another example of a metric on the freight market is the World Container Index (WCI) assessed by Drewry. 18 December 2009 to 12 March 2021 Source: UNCTAD, based on data provided by Clarksons Intelligence Network Ensuring that the maritime sector, including ports, continues to perform sustainably—that is: support access in an efficient, safe, and greenway—is critical for a better By analyzing the volatile trends of BDI and CCFI, and comparing with the recent fluctuations of the Shanghai containerized freight index (SCFI) and China import container freight index (CICFI), this paper summarizes the fluctuation regularity and relationship of CCFI and BDI. Note: The index is updated weekly, with data for the previous week released every Monday. This index reflects the ocean freight and the associated seaborne surcharges of individual shipping routes on the spot market. However, ‘gravity is likely to prevail’ and spot markets should decline going forward, predicts Xeneta’s Peter Sand. twzk wdwaaz zyxf wafu dwvhnvz pahrc kxg udofq hfvtms dngf