The Shanghai Shipping Exchange's latest SCFI reading, published October 16, put the composite index at 3,679.58 points — up 15.47 points, or 0.42%, for a second consecutive weekly gain. The CCFI composite index came in at 1,922.64, up 0.5% week over week (source: Shanghai Shipping Exchange, as reported by Xinhua Finance and Commercial Times).
On intra-Asia lanes, Far East-to-Kansai held flat at USD 328/TEU, while Far East-to-Kanto eased USD 2 to USD 331/TEU (-0.60%). Busan fell 5.44% to USD 365/TEU and Southeast Asia was nearly unchanged at USD 1,156/TEU. These are index-based reference rates; actual deals follow carrier quotes.
Deep-sea trades diverged: Europe 20ft rates rose 2.68% to USD 2,335 and the Mediterranean jumped 8.26%, while US West Coast 40ft slipped 0.78% to USD 7,525 and US East Coast fell 1.13% to USD 10,405 — still elevated. The overall picture: Europe/Mediterranean firming, Trans-Pacific correcting, intra-Asia stable.
Also noteworthy: the exchange officially added new box-type indices to the SCFI the same day (Europe 40ft, Mediterranean 40ft, Latin America 40ft, East Africa 20ft, India/Pakistan 20ft and others) and adjusted lane weights effective October 16. The Japan Kansai 20ft base-port weight was cut from 5.0% to 2.5%, Kanto 20ft stayed at 5.0%, and Southeast Asia rose from 7.5% to 10.0%. Japan-lane watchers should note the methodology change before comparing readings across weeks.
Our advice: Japan lane rates have been stable for weeks, but peak-season space remains tight — book 7-10 days ahead. Use the buttons below for rate calculation and shipment tracking, or start an online consultation for the latest schedules and space. You can also click sales@ruixincargo.com to send your cargo details for a tailored quote (all figures are reference rates; confirmed quotes prevail).