The Shanghai Containerized Freight Index, which measures prices on box freight out of China, declines for the 28th consecutive week.
As of Friday, spot prices on global container freight have fallen for 28 weeks in a row.
This week, the Shanghai Containerized Freight Index (SCFI), which measures spot prices on box freight from Shanghai to a number of global destinations, has decreased by 1.4 percent to 1,107.09.
The index has thus followed an uninterrupted descend for more than six months and is currently at the lowest level since Aug. 14, 2020.
