Container freight index rises for a third week — Shanghai–South America West Coast up 12%, Korea–SAWC up 5%

The Shanghai Containerized Freight Index (SCFI) published by the Shanghai Shipping Exchange stood at 3,681.34 on Oct 23, up 1.76 points from the previous week and rising for a third week in a row. By route, South America West Coast jumped 12% to $6,020 per TEU, and South Africa (6%) and East Africa (4%) also rose. South America East Coast fell 9% and India–Pakistan 4%, while the US West and East Coasts were flat.

Rates out of Korea moved the same way. The Korea Ocean Business Corporation's KCCI composite stood at 4,666 on Oct 26, up 20 points. Per FEU, South Africa rose to $4,500 (+6.0%), South America West Coast to $5,979 (+5.4%) and the Mediterranean to $3,945 (+2.9%), while South America East Coast fell to $6,062 (−3.0%) and the Middle East and Australia each fell 1.0%. US West Coast rose 0.5% to $8,267.

If you are shipping to the South America West Coast or Africa soon, check space and rates early. For route quotes, use the instant quote on our website or contact our Operations team at +82-2-2135-3351.

Sources: Shanghai Shipping Exchange SCFI · Korea Ocean Business Corporation KCCI · Korea Shipping Gazette (Oct 29, 2026) https://ksg.co.kr